Dogecoin price analysis

Dogecoin

DOGE

tickers down

$0.08

rose above the overhead resistance of $0.80 on July 25, but the bulls could not sustain the momentum. This shows selling at higher levels.

DOGE/USDT daily chart. Source: TradingView

The bears pulled the price back below the breakout level of $0.08 on July 26. The DOGE/USDT pair could slide to the 20-day EMA ($0.07), which is an important level to watch for in the near term.

If the price rebounds off the 20-day EMA, it will suggest that the sentiment has turned positive and traders are buying on dips. That will increase the likelihood of a break above $0.08. If that happens, the pair may soar toward $0.10. This positive view will be negated if the price continues lower and tumbles below $0.07.

#GOATMoments #Binanceturns6 #BinanceTournament #googleai $BTC $ETH