$DOGE

DOGE Price Analysis

Brothers, DOGE has been a bit tangled recently! On December 16, the price stabilized above the 20-day moving average ($0.40), which seemed to hold up in the short term, but this also attracted many short-term buyers to sell for profit.

Now the key is to look at the 50-day moving average ($0.34) as a support point, where bulls are expected to defend strongly. But even if it rebounds, it may encounter short-selling resistance again near the 20-day moving average.

If the price falls back from the 20-day moving average, it means that the bears are suppressing at a high level, and DOGE may fall below the 50-day moving average, or even further to $0.31! If the bulls want to stabilize the situation, they must quickly pull the price back above $0.40, otherwise the decline may accelerate.

Keep an eye on $0.40 and the 50-day moving average. There is hope for a breakthrough, but be careful if you lose it. Only by stabilizing can you seize the opportunity!