Dogecoin has been steadily climbing, with its price approaching the critical $0.44848 mark. This consistent upward movement signals that the bulls are firmly in control, pushing DOGE closer to new territory. 

As the price steadily advances, market attention intensifies, leaving many wondering if this persistent ascent is the beginning of a major breakout. With increased buying pressure and optimism surrounding Dogecoin, can the bulls maintain their momentum and push DOGE past this key resistance level? 

Bullish Momentum Builds: Can Dogecoin Maintain Its Upward Trend?

On the 4-hour chart, DOGE is trading above the 100-day Simple Moving Average (SMA), a strong indicator of its bullish momentum. This positioning underscores the token’s underlying strength and suggests that positive market sentiment is fueling its upward trend. The consistent rise points to increasing optimism as DOGE targets a breakout above the critical $0.44848 resistance level.

An examination of the 4-hour Composite Trend Oscillator reveals that both the SMA and the indicator’s overall trend are heading toward the overbought zone, which suggests that buying pressure is intensifying and the asset is gaining

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Author: Godspower Owie