Dogecoin (DOGE) pri ce analysis.

Dogecoin has been trading below the $0.06 support since Oct. 9, suggesting that the markets have accepted the lower levels.

The bears will try to sink the price to the vi tal support at $0.055. This level is likely to witness strong buying by the bulls. If the pr ice rebounds off this level, the DOGE/USDT pair may temporarily consolidate between $0.055 and $0.06.

The downsloping moving averages and the RSI near the oversold zone indicate that be ars have the upper hand. Bulls must quickl y propel the price above the moving averag es if they want to make a comeback. That could start a recovery to $0.07.

$DOGE