$DOGE If the price recovers from $0.12, it is likely to face selling at the 20-day EMA ($0.14). The bears will again try to sink the price below $0.12. If they are successful, the DOGE/USDT pair could start the next leg of the decline towards $0.08.

Alternatively, if the price rises and breaks above the moving averages, this will indicate that the bulls are aggressively defending the $0.12 level. That could keep the price stuck within the $0.12 to $0.18 range for some time to come.