Is it too late to buy Dogecoin? DOGE Price Rises 10% as AI Crypto Signals Platform yPredict Raises $3.2M in Funding -TGN

The original meme coin $DOGE has seen a resounding +10% recovery pump pushing its price back above 200DMA for the first time since April, now experts are wondering if it’s too late to buy Dogecoin?

The impressive pump comes amid a +47% recovery rally fueled by $DOGE holders with support from a lower trendline on June 10.

DOGE Price Analysis: Is It Too Late To Buy Dogecoin?

The latest push-up in the 45-day recovery rally has caused $DOGE to hit a record high current price of $0.779 (a 24 hour change of +4.97%).

Price action found a foothold at $0.07 after 4 days of consolidation as the technical structure turns bullish in light of the freshly reclaimed 200DMA.

With the combined support of both the 20DMA and 200DMA, Dogecoin appears to be technically strong here as holders now aim for a push above the descending $0.08 upper trendline.

But despite the upward movement, there may be some cause for concern due to Dogecoin’s indicators.

The +10% move has warmed $DOGE’s RSI to a worrying 68, indicating that $DOGE may be overbought and adding a bearish blemish to the price analysis.

Meanwhile, there is some brightening from the MACD highlighting the impressive momentum behind the move with bullish divergence at 0.00078.

While the technical structure here is strong, Dogecoin’s Risk: Reward Profile is in a tough position in the near term.

With $DOGE approaching the top of its range, the upside potential here is limited to $0.08 (+2.22%), and as the RSI suggests possible rejection, the downside risk is $0.07 (-10.5%), leaving $DOGE with a tough risk: 0.21 reward.

While Dogecoin seems to be struggling, smart money has already begun to flow into the latest trend in crypto: an innovative AI trading platform.

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The continued presale of yPredict’s native token, $YPRED, is an unprecedented growth opportunity for retailers.

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Disclaimer: Crypto is a high risk asset class. This article is for informational purposes only and does not constitute investment advice. You can lose all your capital.