Dogecoin: Inverse Head and Shoulders Pattern Emerges on 4H

Dogecoin is forming an inverse head and shoulders bullish pattern on the 4-hour chart according to @TATrader_Alan, with price action now sitting at the right shoulder.

Price sits at $0.08 inside the Bollinger Bands with the upper resistance and lower support both aligned at that level. The EMA50 and EMA200 both rest at $0.08, locking in a bearish trend structure even as the MACD registers a golden cross at 0.0. RSI at 45.63 remains neutral, leaving room for continuation without immediate overbought pressure. With price testing upper Bollinger resistance at $0.08 while RSI stays balanced, a healthy retracement toward the 50-EMA support at $0.08 appears probable before any sustained bullish follow-through from the pattern completion.