Dogecoin is facing resistance at $0.35 and struggling to hold above $0.32. The current price is at $0.31927 with a slight pullback of 1.46% after a jump of 3.90%. The price action reveals a potential rounding bottom pattern with support at the $0.30 psychological level. Dogecoin risks breaking down the $0.35 support level and has entered a bearish territory. However, there is a potential for a recovery with a bullish signal on the daily chart and increased upside chances reflected by the 4-hour RSI line reaching the halfway level. The moving averages have turned into resistance levels. A market analyst highlights a TD sequential buy signal on Dogecoin, suggesting a recovery is anticipated. The immediate resistance is at $0.35, followed by the 200 EMA line at $0.3657. The crucial support remains at $0.30, and a breakdown could lead to a retest of the $0.26 support level.



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