#Doge $DOGE

Technical indicators are showing signs of rising, so what is holding back Dogecoin’s price?

These developments look very positive, as DOGE is struggling to break through its major resistance barrier; after failing to break through the stubborn resistance barrier at $0.10800, it seems that it will not continue its upward march today, but given that it has gained strong support at the $0.10400 level, its next wave of increases seems imminent, especially since the Relative Strength Index (RSI, in purple) reading has declined from the overbought zone at 75 - when it recorded its highest levels during the day - to become more average at 60, heralding the possibility of a renewed rise, which is logical during the correction process, especially since its reading has not declined to the oversold zone, indicating that the buying momentum remains strong despite all the declines.

DOGE/USD price chart on an hourly time frame Source: Binance. Similarly, the Chaikin Money Flow (CMF) indicator, which indicates incoming investments into Dogecoin (in green), is currently in a positive zone at 0.15, indicating continued buying pressure and paving the way for potential upside.