Dogecoin Faces Resistance After Recovery Wave
- Dogecoin price started a recovery wave from $0.095, climbing above the $0.10 mark.
- The price is trading below the $0.110 level and the 100-hourly simple moving average.
- Resistance was encountered at $0.1065, aligning with the bearish trend line break on the hourly chart of DOGE/USD.
- Immediate support is near $0.10, with major support at $0.095.
- Hourly MACD shows momentum in the bearish zone, while RSI is below the neutral level of 50.
Dogecoin’s recent recovery wave has been met with resistance near $0.1065, suggesting potential struggles to maintain upward momentum without surpassing this level.
The DOGE price remains vulnerable to further declines if it fails to overcome resistance at $0.1065 and maintain support above $0.095, indicating a cautious outlook for traders and investors.
