Dogecoin price analysis

Dogecoin ($DOGE )has been taking support just above the 38.2% Fibonacci retracement level of $0.33.

The shallow pullback suggests the bulls expect the uptrend to continue. If buyers push the price above $0.39, the DOGE/USDT pair could jump to $0.44.

This level may act as a barrier, but if the bulls overcome it, the pair could surge to $0.50 and later to $0.59.

This positive view will be invalidated in the near term if the price turns down and breaks below $0.32.

The pair may tumble to the 20-day EMA ($0.28), which is expected to attract buyers

Source: CoinTelegraph