Dogecoin (DOGE) is attempting to bounce from the breakout level of $0.21, signaling demand at lower levels.
The 20-day EMA is rising ($0.20) and the RSI is in positive territory, suggesting that buyers are in control. A break and close above $0.26 indicates the resumption of the upward movement. The DOGE/USDT pair could then rally up to $0.31.
Sellers will need to push the price below the 20-day EMA to invalidate the bullish outlook. The pair could then drop to the 50-day SMA ($0.17), suggesting a possible short-term range formation.