Dogecoin (DOGE) pullback is finding support near the 38.2% Fibonacci retracement level at $0.32.
DOGE/USDT Daily Chart | Source: TradingView
The shallow pullback suggests that bulls are in no hurry to book profits as they expect the uptrend to continue. If investors push the price above $0.44, the DOGE/USDT pair could rally to $0.50 and then $0.59.
If the bears want to stall the rally, they will need to pull the price below $0.35. This could start a decline to $0.32 and then the 50% Fibonacci retracement level at $0.29. Such a move would suggest that the pair has formed a short-term top at $0.44.
