Trading King
08/16 07:24
Dogecoin
turned down from $0.26 and fell to the 20-day EMA ($0.22) on Thursday, signaling that the bears are active at higher levels.
The DOGE/USDT pair is taking support at the 20-day EMA, indicating buying on dips. Buyers will again attempt to thrust the price above $0.26. If they manage to do that, the Dogecoin price could reach $0.29. This is an important level to watch out for because a close above $0.29 could start a new up move toward $0.35.
The pair may remain inside the large $0.14 to $0.29 range if the price turns down and breaks below the moving averages.
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