Yigit Taha OZTURK 
Dogecoin (DOGE) has gained 10.33% today, reaching the $0.45 level and showing strong upward momentum. This move has refocused investors’ attention on the Dogecoin price. Currently, DOGE is trading at a critical resistance zone at $0.4535. If a 4-hour close occurs above this resistance level, the next target for the price would be the $0.48 level, which stands out as a significant resistance in the short term.
However, for the upward trend to continue, maintaining the support levels is critical. In the event of a pullback, the $0.4376 level is being watched as the first support point. If the price falls below this level, $0.4295 will emerge as an important support zone. Buyers are expected to step in strongly around these levels.
From a technical analysis perspective, for Dogecoin to sustain its upward movement, it is crucial to see a strong close above the $0.4535 resistance. If this happens, it is likely that the price will target the previously tested $0.48 resistance. In a broader context, breaking this level could potentially push DOGE price towards the $0.50 level.
Momentum indicators are currently providing buy signals, but in a high-volatility market, closely monitoring support and resistance levels is essential. In the case of selling pressure, reactions from support levels should be closely observed.
Dogecoin investors should focus on both short-term targets and long-term price movements, especially the critical resistance and support zones. Careful strategies should be developed around these decisive levels in price movement.
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