#Dogecoin price analysis
Dogecoin formed an outside-day candlestick pattern on Dec. 2, indicating a tough battle between the bulls and the bears.
The up move is likely to face selling at the channel’s resistance line. If the price turns down from the resistance line, it will signal that the DOGE/USDT pair may spend some more time inside the channel.
A break and close below the channel will suggest profit booking by short-term traders. That may pull the price down to $0.33 and later to $0.30. Alternatively, a break and close above the channel could clear the path for a rally to $0.59.
