Top reasons why $DOGE might surge to $0.13 soon - AMB Crypto Analytics

Irma - Sep 3 - - Dev Community

Dogecoin (DOGE) has seen a recent price surge of over 5%, trading at $0.09944 with a market cap of $14.5 billion. This rally was accompanied by a bullish divergence on the Relative Strength Index (RSI) and a buy signal on the TD sequential indicator, suggesting potential for further gains.

On-chain data shows increased accumulation, as indicated by negative exchange netflow and improved weighted sentiment. The MVRV ratio is rising, and whale activity remains strong, signaling continued investor interest. DOGE is currently testing resistance around $0.10, with potential targets of $0.11 and $0.13 if it breaks through.

However, the Chaikin Money Flow (CMF) suggests bullish momentum, while the Money Flow Index (MFI) indicates caution. If DOGE fails to break above $0.10, it could face liquidation pressures and drop to $0.096.

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