The prospects for Dogecoin investors$DOGE are bleak

According to data from the analytical platform IntoTheBlock, about 40% of Dogecoin holders are currently in profit. Historically, an increase in this indicator above 25% leads to increased selling pressure. If investors start to actively take profits, it will slow down the upward trend of DOGE. Additionally, the relative strength index of Dogecoin exceeds 70.0, indicating overbought conditions. This demonstrates high buyer interest, but prolonged stay in such a state may lead to corrections.

In the past, Dogecoin has maintained high RSI levels without immediate downturns. However, the risk of correction remains, especially if buyer interest declines or sellers begin to take profits.$SHIB $PEPE