Dogecoin Price Hits Resistance, Triggers Bearish Shift Amid Ongoing Ranging Action

Dogecoin's price has slipped below its moving average lines after encountering resistance at $0.105, marking a significant shift in the market trend. This development comes as investors closely monitor the cryptocurrency's range-bound trading activity, which has been confined above $0.085 support since early February.

The technical indicators on four-hour charts show price bars below horizontal moving averages, with long candlestick tails indicating buying demand at lows around $0.092-$0.093. This bounce keeps DOGE above critical $0.090 support, but the bearish trend zone persists without a clean breakout.