#Dogecoin Price Analysis and Chart Analysis

On June 5th, Dogecoin fell below the critical support level of $0.07 and sharply rebounded from the support near $0.06. Bulls attempted to push the price above the 20-day EMA ($0.07) on June 6th, but bears sold off the rally. This indicates that bears are not giving up and continue to sell near strong resistance.

If negativity in the Bitcoin market persists, it could lead to selling pressure targeting support below $0.06. On the contrary, in a bullish scenario, the price could target $0.08.

This article is not investment advice. Anyone considering investing should do their own research and take their own risks.