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Dogecoin (DOGE) is up ~25% over the past month, gaining strong attention as bullish momentum returns to the meme coin market. The rally is supported by improved sentiment and higher trading activity, but not everything looks fully bullish.
A key technical indicator is now flashing a potential sell signal, suggesting the recent upside may be getting overextended. Analysts warn this often appears after sharp short-term rallies and can lead to cooling momentum.
DOGE is still trading in a volatile range, with bulls eyeing more upside if momentum continues, while others expect a possible short-term pullback due to resistance levels forming.
Overall, sentiment is split momentum is strong, but caution is rising as technical signals hint at possible weakness ahead.
$DOGE #Doge