The post Dogecoin (DOGE) Surges Above $0.29 Despite Overbought RSI Signals appeared on BitcoinEthereumNews.com.

Tony Kim
Sep 14, 2025 09:43

DOGE trades at $0.29 with 74.77 RSI showing overbought conditions as whale accumulation and $0.25 target breach drive momentum despite bearish market sentiment.

Quick Take • DOGE currently trading at $0.29 (-0.41% in 24h) • Dogecoin’s RSI at 74.77 indicates overbought territory with potential pullback risk • Whale accumulated $2.25 million DOGE while traders eye continued upside momentum What’s Driving Dogecoin Price Today? The DOGE price action over recent sessions has been shaped by contrasting forces that highlight the volatile nature of meme coin trading. While today’s session shows a modest 0.41% decline, Dogecoin has demonstrated remarkable resilience by maintaining levels above the psychologically important $0.29 mark. The most significant catalyst emerged on September 7th when a previously dormant whale wallet withdrew 10.366 million DOGE worth approximately $2.25 million from Binance. This substantial accumulation by large investors often signals confidence in near-term price appreciation and typically precedes sustained upward momentum. Adding to the bullish narrative, September 9th saw intense trading activity as the DOGE price experienced a notable 5.7% intraday swing. Traders aggressively targeted the $0.25 resistance level, which has since been convincingly breached. The session saw heavy volume concentration around the $0.234 support zone before ultimately closing at $0.236, setting the stage for the current rally above $0.29. DOGE Technical Analysis: Mixed Signals Emerge Dogecoin technical analysis reveals a complex picture where bullish momentum meets overbought warnings. The most prominent signal comes from Dogecoin’s RSI reading of 74.77, which firmly places DOGE in overbought territory above the traditional 70 threshold. This suggests that the recent rally may face near-term consolidation or pullback pressure. However, the MACD histogram shows a positive 0.0079 reading, indicating that bullish momentum remains intact for Dogecoin despite the overbought conditions. The…

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Filed under: News - @ September 14, 2025 11:20 am