Analysis of Dogecoin's Price
Dogecoin
tickers down
0.3854 €
re-entered the channel on December 11, but the bulls are struggling to keep the price above the 20-day exponential moving average ($0.40).
If the price falls and remains below the 20-day exponential moving average, the DOGE/USDT pair could slide to $0.36. A break and close below $0.36 could sink the pair to the 50-day simple moving average ($0.32), where bulls are expected to intervene.
On the bullish side, bulls will need to push and maintain the price above $0.43 to suggest that the drop below the channel may have been a trap for bears. The pair would then attempt a rally towards $0.48.##Dogecoins