Dogecoin price analysis
#DOGE consolidation between $0.30 and $0.35 resolved to the upside on Jan. 3, indicating that the bulls are back in the game.
Both moving averages are flattening out, pointing to a possible range-bound action in the near term. If bulls push the price above the 50-day SMA ($0.38), the DOGE/USDT pair could rally to $0.42. Sellers are expected to mount a strong defense at $0.42. If the price turns down from $0.42, the pair could fall to the 20-day EMA ($0.34).

Time is running out for the bears. They will have to pull the price below $0.30 to start a deeper correction to the 61.8% Fibonacci retracement level of $0.27.