Dogecoin’s Bullish Momentum Faces Key Hurdle: 50-Day SMA Resistance

The meme coin Dogecoin (DOGE) is showing signs of a potential bull market comeback, with its price hovering around $0.168. However, a major roadblock stands in the way of a significant upward surge – the crucial 50-day simple moving average. While recent momentum has seen DOGE breach the 23-day moving average, a sustained move above this resistance level is essential for a real breakout.