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Mastering Crypto

09/23 07:34

Dogecoin price analysis

Dogecoin turned down from the 20-day EMA ($0.06) on Sept. 21, indicating that the bears are aggressively defending the level.

However, the bears have not been able to strengthen their position by yanking the price below the formidable support at $0.06. This suggests that the bulls are buying on dips. The DOGE/USDT pair may swing between $0.06 and the 20-day EMA for some more time.

If bulls kick the price above the 20-day EMA, it will indicate the start of a sustained recovery to the 50-day SMA ($0.07) and then to $0.08. On the downside, if the $0.06 level cracks, the pair risks a potential decline to $0.055.1695454590383.png

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