DOGE Faces Bearish Pressure with MA5 Death Cross and Resistance Levels

2025-12-23 23:04

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.

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