The "People’s Coin" is making some noise again! While the broader market has been sweating over $2.6B in liquidations today, DOGE/USDT is flashing a gutsy recovery on the 1-hour chart.
Let’s break down the technicals to see if this dog has more bark left.
📊 The Technical Breakdown
The "Bounce" Support: After a sharp slide from the $0.1187 local top, $DOGE found a floor at $0.0946. This area acted as a springboard, leading to a steady climb back above the psychological $0.10 mark.
RSI (Relative Strength Index): The RSI(6) is currently sitting high at 72.17.
Note: This indicates strong short-term bullish momentum, but be careful—we are entering "overbought" territory. A cooling-off period or minor consolidation might be next before another leg up.MACD Crossover: We are seeing a bullish crossover on the MACD! The Histogram has flipped green, and the DIF line is trending upward. This suggests that the bears are losing their grip for now.
Volume Profile: We saw a massive volume spike during the dip (the "capitulation" candle), followed by steady green volume bars. This shows that "buy the dip" enthusiasts were waiting at the sub-$0.10 levels.
💡 The Verdict: What’s the Play?
$DOGE is showing significant strength by recovering while heavyweights like BTC and ETH are under pressure. However, with the RSI heating up, a "Wait and See" approach at this $0.106 zone might be wiser than FOMO-ing in.
If the price can consolidate here and flip $0.11 into support, we might just see a run toward the $0.12 range.
What do you think, Shibes? Are we heading to the moon or just a local park? 🚀🌕