Dogecoin Surpasses $0.1350: Can a MACD Bullish Cross Rescue It?

Current Price Movement: Dogecoin (DOGE) has dropped below $0.1350, reaching a low of $0.1326, with a modest recovery to $0.1378, but overall remains under pressure due to reduced trading volume and whale activity.

Resistance Levels: The price is facing resistance between $0.1362 and $0.1386, and until this range is broken, further upward movement is unlikely, keeping traders cautious.

MACD Indicator: A bullish cross is forming on the 3-day MACD chart, which historically precedes upward price movements, indicating a potential shift in momentum despite current bearish conditions.

Downward Channel: DOGE continues to trade within a descending channel, characterized by lower highs and lows, and will need to break both the channel and diagonal resistance to signal a trend reversal.