What’s next for DOGE prices?
Bearish traders have managed to push DOGE price below a key support line after rejecting a $0.09 peak. As a result, the price of DOGE fell below the immediate Fibonacci support level, diminishing the chances of a bullish reversal. DOGE is currently trading at $0.0836, down more than 0.6% from the previous trading day. The 20-day exponential moving average (EMA) is at $0.0845 and trending downwards, and the relative strength index (RSI) has fallen below the midline to 43, indicating that the market is in bearish dominance. Even during market rallies, continued downward momentum below the moving averages could reinforce bearish sentiment and trigger selling pressure. A break below the key support level at $0.08 could trigger another wave of selling.
