$DOGE

DOGE Price Analysis: Can the Bulls Turn the Tide?

Brothers, the recent trend of DOGE has been a bit heart-wrenching! On December 21, the bulls attempted to initiate a rebound, but the bears firmly defended the moving averages, successfully curbing the upward momentum.

Currently, the moving averages have formed a bearish crossover, and the RSI is also in the negative territory, indicating that the bears still dominate. Based on the trend, DOGE may continue to decline, first testing the support of the 61.8% Fibonacci retracement level—$0.26. If this level is lost, the next target will be a lower $0.22.

Opportunity for the Bulls: If the bulls can strike strongly, pushing the price above the 20-day moving average ($0.36), the bears' advantage will be weakened. Once the price breaks through the 20-day moving average, it may further surge towards $0.42. However, this level may become a solid resistance that will require the bulls to break through with full force.

Key Points:

Downward focus on support levels at $0.26 and $0.22, with clear targets for the bears.

Upward momentum requires breaking through $0.36 to reverse the current situation, after which the target aims directly at $0.42.

The key support and resistance levels are clear, so remember to proceed steadily in your actions, and avoid chasing highs or panicking to sell!