Usman Salis
⬤ Dogecoin's been stuck in a frustrating pattern lately, repeatedly bouncing off a clear resistance trendline on the 4-hour chart. Every time the price rallies up to this line, it gets pushed back down—no exceptions. The chart shows multiple failed attempts to break through, with each rejection happening at almost the exact same spot along that downward slope.
⬤ Right now, DOGE is hovering between $0.120 and $0.123 after recovering from a dip near $0.118. But here's the thing: buyers can't seem to muster enough strength to punch through that resistance. Each approach to the trendline brings out sellers who aren't ready to let go of control. The price action shows hesitation more than anything else—not a clean break, not a collapse, just uncertainty.
⬤ This resistance line matters because it's basically the deciding factor for where DOGE goes next. If buyers finally push through and hold above it, we could see momentum shift and the meme coin rally higher. But if sellers keep defending this zone and DOGE gets rejected again, we're looking at more sideways movement or even downside risk. With the price squeezed into this tight technical spot, the next real move around this resistance will likely set the tone for Dogecoin's short-term direction.
Usman Salis
