DOGE Analysis: Bullish Momentum Faces Key Resistance as Momentum Wanes on 1-Hour Chart
$DOGE is currently fluctuating around the $0.156 mark, with critical resistance at $0.15966 and support at $0.15539.
Short-term indicators show a bullish trend, with the 9 EMA above the 20 EMA, suggesting potential upward movement. However, the MACD indicates waning buying pressure, and the RSI remains in neutral territory.
Traders should monitor the $0.155 level closely. A sustained close above could signal bullish continuation, while a drop below may lead to bearish momentum.
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