🚀 Will Dogecoin Finally Break THIS Level After BTC’s Surge to $71K?

🚀 Dogecoin [DOGE] saw a surge of 16.93% in the past day, retesting the $0.14080 support level and pushing toward the critical resistance at $0.16460. At press time, DOGE was priced at $0.1654 with a trading volume of $4.37 billion, and a market cap of $24.24 billion.

📈 DOGE is closing in on the $0.16460 resistance, with a mid-range target of $0.20745. Breaking this resistance could trigger more gains, but failure to do so may see a retest of the $0.14080 support, with further downside possibly testing $0.12650.

📊 Overbought signals are flashing, as DOGE has moved above the upper Bollinger Band, suggesting bullish momentum but also raising the chance of a short-term pullback. The middle Bollinger Band at $0.1328 could act as a support if prices dip.

📉 The MACD remains bullish, with upward-trending lines and a growing histogram, indicating increased buying activity. As long as MACD stays positive, DOGE’s bullish trend may continue, with potential to push toward $0.18.

📉 RSI has reached 75.79, signaling overbought conditions, which could lead to a short-term correction. However, strong RSI in uptrends can support continued price growth if levels remain elevated.

🐋 Whale activity is on the rise, with large transactions reaching 15.5 billion DOGE in the past 24 hours, the highest in October. Increased whale interest could indicate accumulation or preparations for larger market moves.

💰 On-chain metrics: The MVRV ratio has increased by 4.66%, hovering around 1.5, suggesting room for further gains before significant selling pressure emerges. However, a continued rise in MVRV could lead to profit-taking.