Dogecoin (CRYPTO: DOGE) climbed around 14% over the past month, but traders are warning the move may still be a short-term recovery rally rather than the start of a full bull run.

Analysts Eye Major Resistance Ahead

Crypto analyst Kevin said Dogecoin’s rebound looks more like a countertrend rally inside a broader uncertain market structure.

He flagged major resistance between 11.7 cents and 12.5 cents, where key Fibonacci levels and the daily 200 EMA/SMA converge. Another heavier resistance zone sits between 13.6 cents and 15.9 cents.

Kevin noted momentum and money flow indicators have improved sharply, but DOGE’s RSI is now heavily overbought, increasing the risk of a near-term pullback.

The…

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