Analysis of the price of Dogecoin
Dogecoin
DOGE
tickers down
0.3072 €
has managed to stay above the level of 0.30 dollars, but the bulls are struggling to overcome the 20-day EMA (0.34 dollars).
Failure to rise further could trigger another wave of selling by the bears. If the level of 0.30 dollars gives way, the DOGE/USDT pair could drop to the 61.8% Fibonacci retracement level at 0.27 dollars, and eventually to 0.23 dollars.
This negative outlook will be invalidated in the short term if the bulls manage to push the price above the 20-day EMA. The pair could then rise to the 50-day SMA (0.38 dollars), where strong selling defense is expected.
