NewsBTC
12 January 2025
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Dogecoin Struggles to Overcome 4-Hour SMA Resistance Level

Dogecoin (DOGE) is currently facing resistance at the 4-hour Simple Moving Average (SMA), hindering its recovery efforts. Key points include:

  • The price is struggling to break above the 4-hour SMA, indicating significant bearish pressure.
  • Initial rebound signs are overshadowed by the inability to surpass this critical level.
  • The Relative Strength Index (RSI) remains below 50%, confirming prevailing selling pressure.
  • If DOGE fails to breach the SMA, it may drop to lower support levels, specifically $0.2677.
  • In contrast, a successful breakout above the SMA could target $0.3563 and potentially $0.4 as resistance zones.

Dogecoin

Monitoring these support and resistance levels is crucial for understanding DOGE's future price movements.

Dogecoin