Dogecoin Faces Critical Resistance

Dogecoin (DOGE), the prominent meme token in the cryptocurrency market, is currently navigating a tight trading range between the Tenkan-sen and the 100 EMA on the 4-hour chart. Following a test of the Tenkan plateau at the $0.16 mark, DOGE failed to maintain its upward momentum, hinting at a possible downward trend.

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