Dogecoin DOGE trading in tight window! Anywhere from $0.07-$0.11

The minor rebound of Dogecoin from the moving averages was unable to surpass the 38.2% Fibonacci retracement level at $0.09, implying that the bears are taking advantage of every small recovery.

The DOGE/USDT pair has now fallen back to the moving averages, indicating that the bears are attempting to consolidate their position. If the price slips below the moving averages, the pair could decline to the critical support level at $0.07.

Alternatively, if the price rebounds from the moving averages once again, it could indicate that the bulls are aggressively defending this level. The buyers may make one more effort to propel the price towards the $0.11 mark.

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