A shallow pullback suggests that the bulls are not hurrying to book profits as they anticipate the uptrend to continue. If buyers propel the price above $0.44, the DOGE/USDT pair could climb to $0.50 and thereafter to $0.59.
If sellers want to prevent the upside, they will have to tug the price below $0.35. That could start a decline to $0.32 and later to the 50% retracement level of $0.29. Such a move will suggest that the pair has formed a short-term top at $0.44.
DOGE recently displayed a cup and handle pattern, which could suggest potential upward momentum if confirmed. However, a descending triangle formation has also been observed, hinting at a bearish continuation if support is broken
DOGE is currently near or slightly below key moving averages (20-day and 50-day), which indicates caution for short-term traders.
In the short term, DOGE's trajectory will depend on whether it breaks key resistance levels or falls below critical support. If it maintains its current support zone, there could be a bullish move. Conversely, breaking below might trigger further selling pressure.
