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Dogecoin (CRYPTO: DOGE) climbed around 14% over the past month, but traders are warning the move may still be a short-term recovery rally rather than the start of a full bull run.
Analysts Eye Major Resistance Ahead
Crypto analyst Kevin said Dogecoin’s rebound looks more like a countertrend rally inside a broader uncertain market structure.
He flagged major resistance between 11.7 cents and 12.5 cents, where key Fibonacci levels and the daily 200 EMA/SMA converge. Another heavier resistance zone sits between 13.6 cents and 15.9 cents.
Kevin noted momentum and money flow indicators have improved sharply, but DOGE’s …
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