Technical analysis $DOGE May 30, 2024

The bulls have not allowed Dogecoin (DOGE) to slide below the 20-day EMA ($0.16), indicating that dips are being bought

The 20-day EMA is flat and the RSI is near the midpoint, suggesting a balance between supply and demand. If buyers overcome the barrier at $0.18, the DOGE/USDT pair is likely to rally up to $0.21.

Conversely, if the price turns down and breaks below the moving averages, it shows that the bulls have given up. That could drop the price to $0.14 and keep the pair in the $0.12 to $0.17 range for a few more days.