The bears managed to push #Dogecoin below the significant support level at $0.12, but their inability to sustain lower prices indicates strong defense from the bulls at this level.

Buyers are expected to initiate a recovery attempt, although they will likely encounter strong resistance near the 20-day EMA, currently at $0.14. A rejection from the 20-day EMA could prompt bears to attempt another push below $0.12. A successful break below $0.12 could potentially lead the DOGE/USDT pair towards $0.08, marking a continuation of the downtrend.

Conversely, a rally above the 20-day EMA would indicate potential for the pair to consolidate within the $0.12 to $0.18 range for a longer period.
$DOGE $SHIB $BTC
#altcoins #memecoins #bearish #bullish