Dogecoin Faces Resistance at 4-Hour SMA
- Dogecoin struggles to break above the crucial 4-hour Simple Moving Average (SMA).
- The Relative Strength Index (RSI) remains below the 50% threshold, indicating bearish pressure.
- DOGE is testing the $0.3066 support level, with potential downside to $0.2677.
- Immediate resistance is at $0.3563 if DOGE breaks above the 4-hour SMA.
Dogecoin’s price movement shows significant challenges as it fails to surpass the key resistance level at the 4-hour SMA, with RSI confirming ongoing bearish trends.
