Dogecoin Bulls Face Crucial Resistance Test at $0.0941

Dogecoin has regained bullish momentum on its four-hour chart, but traders are facing a crucial test near $0.0941.

The cryptocurrency recently climbed from $0.0691 and reached the $0.09 region after a strong recovery, with price currently sitting at around $0.0904.

The 20 EMA provides support around $0.0890, while the 0.618 Fibonacci retracement at $0.0887 continues to reinforce the bullish structure.

Bulls face a key resistance test at $0.0941, where the 0.786 Fibonacci retracement creates resistance. A decisive break above this level could strengthen the current recovery and attract additional buying interest.