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DOGE brief price analysis amidst market recovery
(note: the post contains data by Cointelegraph)
The bears sold Dogecoin’s DOGE recovery attempts on March 17 and pulled the price back below the 20-day EMA ($0.15) on March 18.
The selling continued on March 19, and the DOGE/USDT pair plunged to the strong support at $0.12 on March 20. Buyers are expected to guard the 50-day SMA ($0.11), but they may find it difficult to propel the price above $0.16.
The 20-day EMA has started to turn down, and the RSI is just below the midpoint, suggesting that bears have a slight edge. The bulls will be back in command on a break above $0.16. That could clear the path for a rally to $0.19.
#DOGE #DOGE🔥🔥 #HotTrends
$DOGE
(note: the post contains data by Cointelegraph)
The bears sold Dogecoin’s DOGE recovery attempts on March 17 and pulled the price back below the 20-day EMA ($0.15) on March 18.
The selling continued on March 19, and the DOGE/USDT pair plunged to the strong support at $0.12 on March 20. Buyers are expected to guard the 50-day SMA ($0.11), but they may find it difficult to propel the price above $0.16.
The 20-day EMA has started to turn down, and the RSI is just below the midpoint, suggesting that bears have a slight edge. The bulls will be back in command on a break above $0.16. That could clear the path for a rally to $0.19.
#DOGE #DOGE🔥🔥 #HotTrends
$DOGE
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