The cryptocurrency market has been quite active recently, and $DOGE is no exception. As of the latest 4-hour chart, the DOGE pair is trading at $0.40753, reflecting a slight dip of -0.06% over the past 24 hours. Let’s break down what the chart is indicating.

$DOGE saw a strong upward movement earlier, as shown by the ascending support line. This trendline suggests that buyers have been stepping in to support the price during corrections.

However, the recent breakdown below this line points to a weakening of bullish momentum.

Recent high of $0.42226 is acting as short-term resistance. A breakout above this level could trigger a renewed upward movement.

The price needs to hold the important support level at $0.399. A drop below this level could lead to additional selling pressure and a potential test of the $0.300 zone.

Trading volume has remained relatively strong, with over 2.22 billion $DOGE traded in the last 24 hours. However, the slight decline in volume suggests that traders are taking a cautious approach, waiting for clearer signals before making major moves.

A recovery above the trendline would indicate renewed buying interest.

If the price consolidates at current levels without falling further, it may prepare the ground for the next move.

The market remains in a state of indecision, with DOGE at a pivotal moment. If bulls regain control, there’s potential for the price to challenge and surpass recent highs.

However, failure to hold key support levels may lead to a bearish correction