Over the last four hours, Dogecoin (DOGE) has shown a steady yet subtle movement in the market, trading at around 0.37195 USDT, which marks a slight increase of 1.33% over the past 24 hours. This indicates a mild bullish trend as it currently stays above key moving averages, including the 7-period and 25-period EMAs, signaling short-term optimism.
The Relative Strength Index (RSI) for DOGE sits at 53.5, reflecting neutral momentum but with a slight bullish lean, as it remains well below the overbought threshold of 70. The MACD is also showing a near-zero line convergence, suggesting that there could be upcoming shifts in momentum.
Currently, the Dogecoin price faces resistance around the 0.3800 to 0.3900 USDT levels, and if it breaks through these, further upside toward the 0.40 USDT mark is possible. Conversely, a drop below the 0.3650 USDT support could trigger a retracement to lower levels.
In terms of broader trends, Dogecoin's price has increased by over 14% in the last week, highlighting its potential for short-term growth. However, the market remains volatile, and caution is advised as the trading volume has been decreasing, signaling uncertainty.
For the next few hours, traders are likely waiting for a more decisive break from its current consolidation range to confirm either a bullish or bearish trend.