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Mastering Crypto

07/18 15:02

Dogecoin price analysis

Dogecoin is witnessing a tough battle between the bulls and the bears near the overhead resistance at $0.07.

The 20-day EMA ($0.07) has started to turn up and the RSI is in the positive territory. This suggests that the bulls have a slight edge. The bulls will try to propel the price to $0.08, where the bears may again mount a strong defense.

Contrary to this assumption, if the price turns down and breaks below the moving averages, it will suggest that bears continue to sell on rallies. That could keep the DOGE/USDT pair stuck inside the $0.06 to $0.07 range for some more time.Dogecoin_Logo.png

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