Dogecoin (DOGE) is exhibiting bearish signals on the 4-hour chart, highlighted by bearish engulfing patterns and diverging volume. The cryptocurrency is encountering resistance at $0.134, while support is seen near $0.125. The presence of a neckline and descending trendline is adding to the downward pressure. Notably, the MA5 has crossed below the MA60, reinforcing the bearish outlook. Traders are monitoring these key support and resistance levels for potential breakouts or reversals.
DOGE Faces Bearish Pressure with MA5 Death Cross and Resistance Levels
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
