🔍📊Technical Analysis of Dogecoin – Facing Weekly Resistance
🔸Since the beginning of last week, Dogecoin's price has been facing resistance around the weekly resistance level of $0.18. From Sunday to the next three days, a decline of 4% has been observed. When this article was written (on Wednesday), DOGE was trading at approximately $0.17.
🔸If this correction continues, it is possible that the price may fall and retest the low of $0.15 from April 22.
🔸According to the daily chart, the Relative Strength Index (RSI) is currently at 54 and is indicating downward towards the neutral level of 50 — this means that bullish momentum is weakening. If the RSI falls below 50, the likelihood of a strong decline increases.
🔸However, if DOGE breaks above the current resistance of $0.18 and closes higher, this rally may continue, and the price could reach $0.22 again — which is considered a psychological level.
