Dogecoin (DOGE) has been benefiting from the broader market rally, with its price increasing by 4.93% in 24 hours to $0.1729. However, there are indications that this rally may be short-lived. The price of DOGE is currently at its highest level since May, but it appears overpriced based on its growth rates in the past week and month. The trading volume and Relative Strength Index (RSI) suggest that a cool-off is ahead and profit-taking from investors is likely. If this occurs, altcoins like Dogecoin may also experience a decline since they have a strong correlation with Bitcoin. The activities of Dogecoin whales, who have been accumulating large quantities of the coin, may help prevent a major sell-off. Overall, the future price action of DOGE is uncertain and will be interesting to observe.



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