Polkadot

Dogecoin

Daily

Velocity

Coin

<p>Dogecoin (DOGE), the original meme crypto asset, has abruptly surged over 90% in the past two weeks. Now analysts spot striking similarities between current and historical price action, indicating another massive rally could ignite shortly. However, stretched technical readings show downside risks remain elevated.</p> 
<h2 class="wp-block-heading" id="previous-vertical-explosions-follow-identical-pattern">Previous Vertical Explosions Follow Identical Pattern</h2> 
<p>Veteran crypto chartist <strong>Yomi</strong> <a href="https://twitter.com/OG_Yomi/status/1764444266472878454" target="_blank" rel="noreferrer noopener nofollow">examines</a> the Dogecoin daily timeframes, identifying extremely bullish technical developments he flags as an actionable trading catalyst in the past.</p> 
<p>Specifically, Yomi notes the break of Dogecoin past the 14-day Super Trend indicator, coupled with a buy signal, and the surpassing of its previous local high, marked by blue circles on the chart. Historically, such patterns have been precursors to significant price rallies.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="624" src="https://captainaltcoin.com/wp-content/uploads/2024/03/image-120-1024x624.png" alt="" class="wp-image-447340" srcset="https://captainaltcoin.com/wp-content/uploads/2024/03/image-120-1024x624.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-120-300x183.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-120-767x467.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-120-1536x936.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-120-2048x1247.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-120-246x150.png 246w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-120-100x61.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-120-575x350.png 575w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-120-788x479.png 788w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p>The Super Trend indicator, widely used for its simplicity and effectiveness in identifying the prevailing market trend, turning positive, is a strong signal for potential buyers. It suggests that Dogecoin could be entering a phase of upward momentum, reminiscent of its past surges following similar technical setups.</p> 
<p><strong>“The last time Dogecoin broke the 14 day Super Trend and flashed a buy signal while breaking its previous local high (Blue Circles) DOGE went vertical in the coming months after,”</strong> Yomi observed.</p>  
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0">
  <i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Explosion in Meme Coin Market; How to find potential successors to $BONK, $PEPE, and $WIF?
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style> 
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px"> 
    <p>The key? Getting in early, especially during the <strong>ICO phase</strong>. Check out <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank"><strong>NuggetRush</strong></a> today! This pioneering memecoin combines play-to-earn gaming with authentic gold mining ventures. <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank"><strong>Seize the opportunity</strong></a> with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div> 
 </div>
</div> 
<h2 class="wp-block-heading" id="extreme-greed-could-spark-sharp-reversion">Extreme Greed Could Spark Sharp Reversion</h2> 
<p>While clearly positive for Dogecoin’s outlook, seeing the RSI sustain unprecedented overbought readings above 93 simultaneously raises caution over downside whiplash once traders lose conviction.</p> 
<p>Indeed as Yomi points out, “<strong>The Dogecoin daily RSI is almost tied for the highest it’s ever been.”</strong></p> 
<p>Readings this stretched often front-run devastating selloffs to rebalance sentiment – as seen in Dogecoin’s prior collapses from all time highs. Prudent traders must account for such risks amidst the greedy optimism.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="966" src="https://captainaltcoin.com/wp-content/uploads/2024/03/image-119-1024x966.png" alt="" class="wp-image-447332" srcset="https://captainaltcoin.com/wp-content/uploads/2024/03/image-119-1024x966.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-119-300x283.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-119-767x724.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-119-1536x1449.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-119-2048x1932.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-119-159x150.png 159w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-119-100x94.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-119-371x350.png 371w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-119-788x743.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-119.png 1432w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<h2 class="wp-block-heading" id="rsi-explained-quantifies-unsustainable-price-velocity">RSI Explained: Quantifies Unsustainable Price Velocity</h2> 
<p>More broadly, for context, the relative strength index quantifies upside velocity by measuring the pace of recent price gains. Scales spanning from 0 to 100 indicate overbought conditions over 70, with extremes above 90 highlighting likely exhausted rallies.</p> 
<p>This provides helpful perspective when contrasting past cycles reaching comparable euphoric peaks and subsequent drawdowns. By respecting overextended signals, investors avoid irrational exuberance infecting decision-making and instead rely on historically informed plans, accounting for the high volatility swings accompanying <a class="wpil_keyword_link" href="https://captainaltcoin.com/meme-coins/" title="meme" data-wpil-keyword-link="linked" target="_blank">meme</a> mania.</p> 
<p>Dogecoin’s price performance further cements an optimistic outlook, with impressive gains across various time frames:</p> 
<ul> 
 <li><strong>24 Hours:</strong> 23.9%</li> 
 <li><strong>7 Days:</strong> 91.2%</li> 
 <li><strong>14 Days:</strong> 90.4%</li> 
 <li><strong>30 Days:</strong> 107.7%</li> 
 <li><strong>1 Year:</strong> 113.8%</li> 
</ul> 
<p>So in summary, analysts eye more upside still for Dogecoin, but informed participants increasingly eye stabilization opportunities before inevitable gravity strikes. Either way, towering volatility looks guaranteed as Doge reawakens animal spirits.</p> 
<p>You may also be interested in:</p> 
<ul> 
 <li><a href="https://captainaltcoin.com/polkadot-dot-is-now-basically-open-air-with-no-near-term-resistance-as-epic-pump-begins-top-analysts-set-their-targets/" target="_blank" rel="noreferrer noopener">Polkadot (DOT) Is Now ‘Basically Open Air’ With No Near Term Resistance as ‘Epic Pump’ Begins, Top Analysts Set Their Targets</a></li> 
 <li><a href="https://captainaltcoin.com/meme-coin-wave-lifts-pepe-to-new-heights-price-up-over-300-but-heres-the-catch/" target="_blank" rel="noreferrer noopener">Meme Coin Wave Lifts PEPE to New Heights, Price up Over 300% – But Here’s the Catch</a></li> 
 <li><a href="https://captainaltcoin.com/can-deestream-dst-revolutionize-streaming-as-ethereum-eth-binance-coin-bnb-surpass-all-time-highs-for-2024/" target="_blank" rel="noreferrer noopener">Can DeeStream (DST) Revolutionize Streaming as Ethereum (ETH) &amp; Binance Coin (BNB) Surpass All-Time Highs for 2024</a></li> 
</ul> 
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style=""> 
 <div class="col_wrap_two mb0"> 
  <div class="offerbox_big_wrap flowhidden"> 
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"> <a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a> 
   </div> 
   <div class="product-summary col_item mobileblockdisplay"> 
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-nofollow-sponsored-span-check-nuggetrush-nugx-span-a"> <a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> <span>Check NuggetRush ($NUGX)</span> </a> </h3> 
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div> 
    <div class="buttons_col mb25 rh_big_btn_inline"> 
     <div class="priced_block clearfix"> 
      <div> <a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> Buy NUGX Today </a> 
      </div> 
     </div> 
    </div> 
    <div class="bigofferdesc">
     <i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div> 
   </div> 
  </div> 
 </div> 
</div> 
<p>The post <a href="https://captainaltcoin.com/dogecoin-doge-breaks-14-day-super-trend-while-daily-rsi-eyes-all-time-highs-heres-what-this-means/">Dogecoin (DOGE) Breaks 14-Day Super Trend While Daily RSI Eyes All-Time Highs: Here’s What This Means</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Dogecoin (DOGE) Breaks 14-Day Super Trend While Daily RSI Eyes All-Time Highs: Here’s What This Means

Table of Contents

CaptainAltcoin

Other articles published on Mar 4, 2024

Mastermind Behind $1.10 Million Crypto Scam Faces 5-Year Sentence

LUNC News: Terra Classic Core Dev JL1TF Founded by Edward Kim Disbands, Here Why

Does Vitalik Buterin find memecoins ‘over-invested’ or ‘under-loved’?

Binance Coin (BNB) Panic Sells, Investors Shift Focus to Pushd (PUSHD) Amid Cardano (ADA) and Rip...

ADGM and Etihad Airways Ink Strategic Collaboration to Boost Abu Dhabi as a Global Business Hub

Bitcoin Price Breaks Above $65,000, Here Are The Factors Behind It

Join our free newsletter for daily crypto updates!