Saad Ullah
⬤ Dogecoin (DOGE) is sitting at a make-or-break support area on the 4-hour chart after grinding sideways for an extended period. Price is resting at support within what traders call a three-drive formation, though momentum indicators like the RSI aren't showing any bullish divergence yet. The chart shows DOGE has bounced off this zone multiple times, proving that sellers haven't managed to crack it open despite several attempts.
⬤ Right now, DOGE is stuck in a tight range with support protecting the downside and resistance forming near a cluster of equal highs. The flat RSI reading means momentum hasn't picked a direction—there's no clear reversal signal brewing. That puts all eyes on this support level. As long as it holds, the range stays alive. If it breaks, the short-term picture changes fast.
⬤ Before any meaningful move happens, the market needs to break its current structure. A technical confirmation is required before the path toward equal highs opens up. Until that happens, Dogecoin is just reacting to short-term noise rather than building a real trend. Traders should stay cautious here—the market hasn't shown its hand yet.
⬤ What happens with DOGE matters beyond just this coin. It's still one of the most heavily traded cryptocurrencies, and when it consolidates around major technical levels like this, volatility usually follows. How Dogecoin handles this support zone could set the tone for momentum and risk appetite across the broader altcoin market in the coming days.
Saad Ullah
