Dogecoin: Weekly Bottom Forms Amid Declining Sell Pressure

Dogecoin is forming another bottom on the weekly chart, holding at low positions with declining sell pressure according to @TATrader_Alan. Price action on the 4h timeframe shows $0.08 testing the EMA50 and EMA200 confluence that now functions as firm support while the MACD registers a bullish golden cross. With RSI at 45.71 remaining neutral and price contained inside the Bollinger bands, the upper band at $0.08 serves as immediate resistance and the lower band at $0.07 as short-term support, creating a tight technical setup where a decisive push above resistance could accelerate reversal momentum.