This article is also available in Spanish. Dogecoin's recent attempt to regain lost ground has encountered a serious obstacle: the price is about to break above the important 4-hour simple moving average (SMA). This resistance level has proven to be a serious obstacle, with bearish pressure constantly hindering the breakout.
Despite the first signs of a possible rebound, Dogecoin's inability to break above this key #threshold suggests that the bullish momentum remains vulnerable. The coin is in a precarious position; the divergence from the 4-hour SMA underscores the growing dominance of sellers in the market, which casts doubt on the ability of buyers to regain the initiative and push prices higher
a decisive move above the 4-hour SMA could mean a return of positive sentiment and open the way for #DOGE to higher resistance levels. On the other hand, failure to overcome this hurdle could increase selling pressure and send prices towards the lower support zone.
An analysis of Dogecoin's recent price movements shows that the bulls are in serious trouble. Despite the initial rebound, #Dogecoin (DOGE) is struggling to overcome the resistance of the 4-hour SMA, which has become a key barrier.
Dogecoin (DOGE) Fall: Warning Sign or Hidden Opportunity?
This is a sign that the upward momentum is weakening and market sentiment is changing. indicating a possible change in market sentiment. Failure to overcome this key level may indicate that further growth is unlikely unless there is a consolidation phase or additional bullish catalysts. In addition, the Relative Strength Indicator (RSI) further supports the current bearish trend as the RSI line remains below the 50% threshold; the RSI index is widely used to measure market strength, and a drop below 50% often indicates that selling pressure exceeds buying pressure. . This is consistent with recent price action, where DOGE is attempting to break the key resistance level of the 4-hour SMA. The failure of DOGE's RSI to rise above 50% means that bearish forces remain in place, limiting the potential for sustained gains in the coin. RSI
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