Dogecoin is looking really toppy. As you can see the RSI has peaked out early before a new high which is alarming. I think Doge is in serious trouble here as the meme craze starts to shift into newer memes. If the head and shoulders pattern plays out you're looking at a catastrophic drop down to 2 tenths of a penny. Doge is EXTREMELY overvalued and needs to come back down to earth. Don't forget there is close to 15 million Doge mined per day forever. It appears with the way the RSI peaked and price didn't break the high that Doge has reached a plateau in price even if the market cap continues to go up.
Not financial advice just my opinion.
Not financial advice just my opinion.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.