DOGEcoin finally bullish
DOGEUSDT Dogecoin is facing challenges in surpassing the 20-day EMA ($0.07), but a positive aspect is that the bulls have not relinquished their position to the bears.
With the 20-day EMA flattening and the RSI just below the midpoint, it suggests a period of range-bound trading between $0.06 and $0.07. If the bulls manage to propel the price above the moving averages, they will aim to overcome the obstacle at $0.07. Success in doing so could propel the DOGE/USDT pair towards $0.08.
On the other hand, the bears would gain the upper hand if they sink and sustain the price below the crucial support at $0.06. In such a scenario, the pair may experience a decline towards $0.05.
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