$DOGE has been consolidating between $0.30 and $0.40 for the past few days, indicating buying on dips and selling on rallies.
The DOGE/USDT pair is trying to move up but is likely to face selling at the 20-day EMA ($0.34). If the price turns down sharply from $0.34, the $0.30 level will be in danger of breaking down. The pair may then slump to $0.27.
Alternatively, a break and close above the 20-day EMA will keep the range-bound action intact. The pair may then attempt a rally to the overhead resistance of $0.40. Buyers will have to clear this hurdle to gain the upper hand.
This Is Not An Investment Advise
