Dogecoin (DOGE) continues to fluctuate within a wide range from $0.34 to $0.44 over the past few days.
DOGE/USDT daily chart | Source: TradingView
The 20-day EMA is sloping up ($0.32) and the RSI indicator is in the overbought region, indicating that the advantage is leaning towards the bulls. If the bulls push the price above $0.44, the DOGE/USDT pair could rise to $0.50 and then $0.59.
If the bears want to halt the upward momentum, they need to quickly pull the price below the 20-day EMA. If this happens, selling pressure may increase, and this currency pair could fall to the 50% Fibonacci retracement level at $0.29 and then to the 61.8% Fibonacci retracement level at $0.25.
