Dogecoin (DOGE) has formed a symmetrical triangle pattern, signaling uncertainty about the next trend move.
DOGE/USDT Daily Chart | Source: TradingView
Overall, inside the triangle, the price is oscillating between the resistance and the support. A break above the 20-day EMA ($0.11) opens the doors for a rise to the resistance line, where bears are expected to sell aggressively. However, if the bulls manage to overcome this hurdle, the DOGE/USDT pair could start a new uptrend towards $0.14 and then $0.18.
The bears will have to pull the price below the support line to start the next decline towards $0.08 and then $0.06.
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