Price Analysis: DOGE bulls are trying to defend support near $0.08, but Dogecoin’s minor bounce suggests demand is drying up at higher levels. The 20-day EMA ($0.08) is starting to fall and the RSI is in negative territory, suggesting bears have a slight advantage. If the price breaks below the $0.08 support, the DOGE/USDT pair is likely to decline further towards the next major support level at $0.07.

This negative view will be invalidated in the short term if the price rises and breaks above the 20-day EMA. The pair may then rise to $0.10 and then $0.11. The bears are likely to fight tooth and nail to hold this level.