DOGE/USDT Analysis: Bearish Pressure Continues! š
āDOGE is showing signs of weakness on the 4-hour chart. After failing to break above the recent resistance, the price is now heading toward its immediate support levels.
āKey Technical Observations:
āResistance Rejection: DOGE faced strong rejection near the $0.097 level. A series of red candles indicates that sellers are currently in control of the market.
āMoving Averages: The price has dropped below the EMA(7) and EMA(25), which is a classic bearish signal. If it stays below these lines, more downside is expected.
āRSI Indicator: The RSI is currently around 41, suggesting that momentum is shifting to the bearish side, but itās not yet in the oversold zoneāmeaning there is still room for the price to fall further.
āSupport Target: If the current selling pressure continues, the next major support to watch is around $0.092 - $0.089.#TrendingTopic #Dogecoinā¬ā© @Doge Coin