Dogecoin Trading Near $0.25 Resistance as Buy Signal Emerges

Dogecoin Consolidates Below Key Resistance

Dogecoin (DOGE) is trading at $0.222, consolidating within a range of $0.21 to $0.25 after a rally in early May. Key points include:

Consolidation just below the critical $0.25 resistance level.
Recent price action shows higher lows, indicating bullish momentum.
TD Sequential indicator has flashed a buy signal on the hourly chart, historically indicating potential rebounds.
Support levels are reinforced by the 34 EMA at $0.2112 and 50 SMA at $0.1929.
A sustained breakout above $0.25 could lead to increased bullish movement toward the $0.28–$0.30 range.
Failure to hold above $0.21 may result in a retest of deeper support levels.

Current market sentiment remains cautiously optimistic, with reduced selling pressure observed during consolidation.