Bullish momentum strengthens, Dogecoin faces critical test near resistance
Dogecoin is showing impressive strength on the daily chart, supported by bullish technical indicators. The MACD indicator continues to broaden above its signal line, reflecting sustained upward momentum, while the RSI indicator remains in overbought territory, confirming the presence of strong buying pressure. Price action is firmly above the 9-day and 20-day moving averages, and the trend remains clearly upward.
However, Dogecoin is approaching a critical resistance zone, with major order book barriers around $0.2740 to $0.2800 likely to act as short-term resistance. A breakout of this range could trigger the next leg up, while a breakout could result in a brief price cool-off towards key support levels.
Traders are closely watching the intensifying battle between bulls and bears.
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Read full analysis: www.ecoinimist.com/2025/07/21/dogecoin-faces-critical-test-resistance


