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Recently, DOGE's market movements have attracted a lot of attention. The 20-day moving average has turned upward, and the RSI has re-entered the positive zone—both indicators flashing green simultaneously. What does this mean from a technical perspective?
In simple terms, the bulls have finally gained momentum. Buying strength is gradually taking over the market, and overall market sentiment is starting to warm up from previous lows. This is not just a scattered rebound but a clear signal of a trend reversal.
So, what’s next? It all depends on whether the $0.13 support level can hold. This is the first fortress for the bulls; only after stabilizing here can they aim for the previous resistance at $0.15-$0.16. Once these levels are broken, the potential for further gains opens up.
However, there is a reality that must be acknowledged: DOGE is never purely a technical game. A popular tweet, a trending topic, or the overall market sentiment—these narrative factors can sometimes be more powerful than candlestick charts. Technical analysis simply provides a direction; the real fuel comes from hot events and market consensus.
For participants, the strategy is quite simple: don’t chase highs, be patient. Position at key support levels and use strict stop-losses to protect capital. In hot coins like DOGE, those who survive until the end and see the fireworks are often those who have planned ahead and remained calm amid the frenzy.