Doge coin to the moon or maybe not

DOGE attempted a rebound on the 4-hour chart but was unable to maintain the bounce. A bearish candle with a long wick as seen on the lower time frame, indicates that sellers are still in charge of the trend. If the price falls further, it will finally breach $0.07 lows.

Buyers must push the price above to $0.1100 before there is any possibility of a recovery. The bulls may attempt to pierce the $0.1150 level and creep up to the moving average (MA 50) at $0.1200 round level in new attempt at recover. Overall the DOGE/USD short-term outlook remains negative.