Dogecoin has broken its consolidation range on the 4-hour timeframe, marking a decisive shift in short-term market structure. Recent technical analysis indicates that DOGE has flipped its former support zone into solid resistance, confirming that bears are in control following weeks of sideways movement.
This slump is worsened by momentum indicators that validate the weakness of the Dogecoin trend. The Relative Strength Index (RSI) has plummeted below the neutral 50 level, while the MACD remains in negative territory with no signs of a bullish crossover. The lack of buying volume at current levels suggests that any rebound attempt is being absorbed by persistent selling pressure.
The factors to watch are whether the price manages to stabilize or continues to print lower lows. As long as the asset remains below the broken range, the Dogecoin trend will continue to be vulnerable to further declines. A recovery in institutional or retail confidence will only be possible if the price reclaims the previous resistance zone and momentum indicators show a solid accumulation base.
Source: https://coinmarketcap.com/currencies/dogecoin/
Source: https://x.com/TATrader_Alan/status/2001338748064403938
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