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Mastering Crypto

09/02 15:16

Dogecoin price analysis

The bulls are struggling to start a recovery in Dogecoin indicating that demand dries up at higher levels.

The DOGE/USDT pair could dip to the solid support at $0.06. Buyers are expected to defend this level with all their might because a break below it may resume the downtrend. The pair could first skid to $0.055 and then to the final support near $0.05.

On the contrary, if the price rebounds off $0.06, it will signal that the bulls are buying the dips to this level. The bulls will then again try to overcome the obstacle at the 20-day EMA. If they succeed, the pair may surge to $0.08.1693667763863.png

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