$DOGE price analysis.....🚀🚀🚀
$0.14
bounced off the $0.12 support on May 1, indicating that the bulls are trying to defend the level. #DOGE/USDT daily chart.
Buyers will try to push the price to the overhead zone between the 20-day EMA ($0.15) and the downtrend line. Sellers are expected to protect this zone with vigor.
If the price turns down from this zone, the bears will again attempt to sink the DOGE/USDT pair below the neckline near $0.12. If they do that, the pair will complete a bearish head-and-shoulders pattern. That may start a down move to $0.10 and eventually to $0.08.
This negative view will be invalidated in the near term if the bulls propel the price above the downtrend line.
