DOGEcoin is not dead but it did take a liver shot

DOGEUSDT

On June 10, the bears pushed Dogecoin below $0.06, but the bulls stepped in and bought the dip, leading to a price recovery and a close above the support level. However, the bulls are facing difficulties in initiating a significant pullback, indicating a lack of demand at higher levels.

The bears will once again attempt to push the price below the strong support at $0.06. If they succeed, the DOGE/USDT pair could slump towards the next major support near $0.05. The bulls are expected to strongly defend the zone between $0.06 and $0.05, as a breakthrough may trigger panic selling. Buyers will need to push the price back above $0.07 to regain strength.