Dogecoin (DOGE) has been holding above the 50-day SMA ($0.10) for the past few days, but the bulls have not started a strong recovery. This suggests that the bears are selling on rallies.
DOGE/USDT Daily Chart | Source: TradingView
If the bulls want to gain the upper hand, they will have to sustain the price above the 20-day EMA ($0.11). If they do so, the DOGE/USDT pair could attempt a rally to the resistance line of the triangle.
Conversely, if the price turns down from the 20-day EMA and breaks below the 50-day SMA, it will signal that the bulls have given up. That could send the pair down to the triangle support line. A break below the triangle could start a move down to $0.08.
#Write2Win #BinanceTurns7 #btc #bnn #usdt $DOGE
