$DOGE Analysis

Dogecoin (DOGE) price recovered above the $0.13 breakout zone on Friday, indicating buying pressure emerged at lower price levels.

However, the bears are unlikely to give up easily and will try to halt the recovery at the moving averages. If the Dogecoin price reverses from these moving averages and breaks below $0.12, it would indicate that the bears are still in control of the market. In that case, the DOGE/USDT pair could plummet to the October 10th low of $0.10.

To negate this bearish scenario, the bulls need to push the price above the 50-day SMA ($0.15), thus showing that the market has rejected a breakout below $0.13. A large trading range between $0.13 and $0.27 would be triggered if the price remains above $0.16.

DOGEUSDT

Perp

0.13286

+0.49%