Dogecoin price analysis
Dogecoin’s - $DOGE failure to cross above the $0.18 level attracted profit-booking by the short-term traders.
However, a positive sign is that the bulls did not allow the price to skid below the breakout level of $0.15.
The strong rebound off $0.15 suggests that the bulls have flipped the level into support.
Buyers will make another attempt to drive the DOGE/USDT pair above $0.18.
If that happens, the pair may climb to $0.21.
This positive view will be invalidated in the near term if the price turns down and breaks below the 20-day EMA ($0.14).
The next support on the downside is the 50-day SMA ($0.12).
