DOGE Price Analysis
Dogecoin has been trading below the 20-day EMA ($0.11) for the past few days but the bears have not been able to sink the price below $0.09, which shows weak demand.
The bulls will strive to consolidate their position by pushing the price above the 20-day EMA.
If successful, the DOGE/USDT pair is likely to rebound to the downtrend line.
A breakout of this level will mean that the downtrend may have ended and is an area that bears need to focus on defending.
Conversely, if the price turns back around the current levels or the downtrend line, it may indicate that the pair will continue to oscillate in the falling wedge pattern for a while.
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