On March 10, indicators showed that the upward momentum of Dogecoin (DOGE) has begun to decline, with the price currently facing pressure around $0.0930, and it is likely that continued gains in the short term will be difficult. DOGE started from $0.0860 and rose again, peaking above $0.090, and remains above the 100-hour simple moving average. On the hourly chart for DOGE/USD, an ascending channel is forming, with support near $0.0904, and if the price maintains a level above $0.090, there is room for further upside, but resistance at around $0.0930 may limit the extent of the rise. Technical analysis indicates that the first major resistance to DOGE's uptrend lies at $0.0950, followed by resistance at $0.0972, and if the price successfully breaks through these levels, the potential target could reach $0.1020 or even $0.1050, with the possibility of continued gains up to $0.1120. However, if DOGE fails to break through the $0.0930 level, selling pressure may quickly return. Initial support lies at $0.0905, with key support levels at $0.090 and $0.0884, and if the $0.0884 level is broken, it is likely that the price will drop in the short term to $0.0860 or even $0.0835. From the perspective of technical indicators, the hourly MACD for DOGE/USD shows a decline in upward momentum, while the hourly RSI remains above the 50 level, indicating that there is support for the uptrend, but the strength of the gains is limited. Overall, Dogecoin's short-term price movement remains vulnerable to volatility risk, and investors should monitor changes in resistance and support levels, as well as the impact of overall market conditions on the price.

DOGE5,2%
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GateUser-ba8edd35vip
· 1h ago
Bullish market at its peak 🐂
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