Dogecoin Seeks Breakout Above $0.1172 Resistance

Dogecoin has been experiencing steady upward momentum, gaining 1.58% over the last 24 hours according to CoinMarketCap. This increase in value has led some analysts to believe that the cryptocurrency may be on the verge of a breakout.

According to technical analysis, Dogecoin is currently trading above its moving average ribbon and its RSI value is 76.07, indicating strong buying power. However, this overbought signal suggests that there may be resistance soon.