#加密市场回调

Dogecoin Price Prediction

On May 23, Dogecoin (DOGE) fell back from the resistance level above $0.26, showing that bears are fiercely defending this level.

The DOGE/USDT trading pair may test the 20-day moving average ($0.21), which is a crucial support level. If a strong rebound occurs at the 20-day moving average, it will release a positive signal and increase the likelihood of breaking through $0.26. If the breakout is successful, the trading pair may rebound to $0.35. There is resistance at $0.29, but it is expected to be broken.

If the price reverses and falls below $0.21, the above optimistic expectations will become invalid in the short term, potentially entering a range-bound market between $0.14 and $0.26.