The recent attempt of Dogecoin to recover lost ground has faced a significant hurdle as the price struggles to break above the crucial 4-hour Simple Moving Average (SMA) resistance.
DOGE's inability to surpass this key threshold suggests that bullish momentum remains fragile, leaving the meme coin in a precarious position.
A decisive move above the 4-hour SMA could signal a resurgence of positive sentiment, while continued failure may lead to increased selling pressure.
Key support at $0.3066 and immediate resistance at $0.3563 are crucial levels to watch for Dogecoin's future price movements.