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#DOGE is experiencing difficulties moving higher. The price is constantly hitting a wall around $0.125–$0.126, and every time it tries to break through, it gets pushed back.
Right now, DOGE is hovering around $0.122, which acts as a short-term support.
There is still strong interest in the market.
Trading volume has reached approximately $1.25 billion in the last 24 hours, up 36%, so traders are still active.
Nevertheless, the overall picture is not very encouraging. DOGE has fallen 16% this week and more than 7% over the past month, which explains the shaky sentiment.
One small positive:
DOGE briefly moved above the falling trendline around $0.124–$0.125, supported by bullish divergence. If the price can stay above this area, a move to $0.13–$0.135 is not out of the question.
However, momentum indicators like MACD are weak, so there is no clear signal of an imminent strong move. Bottom line: Dogecoin is not out of the game, but it’s not convincing either. Until the price breaks through and holds above resistance, the most likely outcome is sideways movement.