DOGEcoin still bearish. Down to $0.07 again?

DOGEUSDT

Dogecoin faced a rejection from the 20-day EMA ($0.07) on May 21, but the bulls continued to buy the dips, keeping the price within the range. The bears will attempt to strengthen their position by pushing the price below the strong support level at $0.07.

If they succeed, the DOGE/USDT pair could decline to $0.06, where buyers are expected to intervene and halt the downward movement. Conversely, if the bulls manage to drive the price above the 20-day EMA, it would indicate a resolution of the range in favor of the buyers. The pair could then aim for the 50-day SMA ($0.08) before potentially attempting an upward move to $0.10.