DOGE Bulls Retreat at Resistance, Oversold Signals Hint Reversal

• DOGE faces resistance at $0.06209, signaling a potential bearish trend.
• Bollinger bands indicate short-term consolidation with lower volatility.
• Stochastic RSI suggests DOGE is oversold, hinting at a possible price reversal.

If DOGE breaks below the $0.06064 support level, the next significant barrier is at the $0.05950 level. However, a sustained buying interest and a subsequent break over the $0.06209 barrier might signal a continuation of the bullish trend towards $0.06300 and $0.06500.

The DOGE’s market capitalization fell 0.43% to $8.59 billion, while its 24-hour trading volume plunged 23.80% to $209.51 million. This decline in market capitalization and trading volume indicates waning investor interest and activity in DOGE, which might lead to a fall in price if the trend persists.

The linear movement of the Bollinger bands on the 2-hour…