DOGE price analysis – will the bulls succeed?
(note: the post contains data by Cointelegraph)
DOGE plummeted below the $0.15 support on March 16, suggesting that the bears are trying to seize control.
The bulls pushed the price back above the 20-day EMA ($0.15) on March 17, but could not build upon this strength. This shows that every recovery attempt is being sold. The bears are trying to sink the price below $0.14 on March 18. If they manage to do that, the DOGE/USDT pair could slide to the 50-day SMA ($0.11).
If bulls want to prevent the fall, they will have to push and maintain the price above $0.16. That may keep the pair inside the $0.15 to $0.19 range for a while longer.
