Dogecoin Shows Momentum Shift After Bullish Divergence at $0.122

⬤ Dogecoin showed signs of improving short-term momentum on the 4-hour chart as price climbed higher after forming a bullish divergence. The divergence emerged after a steady series of lower lows, while momentum indicators began stabilizing. The chart shows DOGE bouncing from the $0.122–$0.124 area, where downside attempts failed to push meaningfully lower—suggesting sellers were losing their grip.

⬤ The technical structure highlights a clear split between price and momentum. While Dogecoin kept drifting lower during the decline, the relative strength indicator formed higher lows, pointing to underlying strength building beneath the surface. This happened alongside a descending trendline that had previously blocked recovery attempts. Price later broke above this trendline, signaling a shift in short-term behavior rather than just another leg down.

⬤ After the breakout, Dogecoin pushed toward the $0.126–$0.128 zone, which lines up with nearby short-term resistance visible on the chart. A strong bullish candle appeared near the trendline area, backing up the idea that selling pressure had eased. Momentum indicators also lifted from oversold levels, supporting the shift seen in price action. While volatility remains, the structure now shows better balance between buyers and sellers.

⬤ This shift matters for the broader crypto market, as Dogecoin often reacts quickly to changes in short-term sentiment. When momentum stabilizes after long declines, it can influence trading behavior across related digital assets. If price continues holding above the former trendline area, Dogecoin may form a more stable short-term base, potentially affecting near-term market dynamics without changing the broader trend outlook.