"Dogecoin is moving sideways above the $0.22 level" ✅

Since August 8, the price of Dogecoin has been moving sideways between support at 0.22$ and resistance at $0.25. It seems that the barrier at 0.25$ is preventing the rise, as the price has failed to surpass it multiple times.

🔹 Long-term trend: Volatile, and investors are watching whether the support at the 21-day SMA will hold or not.

🔹 In case of a break below support: The price is likely to drop towards 0.20$ – $0.19.

🔹 If the support holds: The price may bounce back and test the resistance at 0.25$ and then $0.28.

📊 Technical indicators:

On the 4-hour timeframe, the price is below the moving averages → indicating selling pressure.

Current support: $0.22

Next resistance: $0.25, $0.28, $0.45, $0.50

💡 Summary:

Dogecoin is currently moving within a narrow range, and traders are watching for a break of support or resistance to determine the next direction.

#Dogecoin #Crypto #Trading #PriceAnalysis