DOGEUSDT
Dogecoin has seen solid demand at the $0.07 support level, successfully defended by the bulls in recent days. However, the relief rally is expected to encounter resistance near the moving averages. If the price turns down from the overhead resistance, it would indicate a lack of demand at higher levels and embolden the bears to attempt sinking the DOGE/USDT pair below $0.07.
Should they succeed, the pair could decline further towards $0.06. To prevent a fall below $0.07, the bulls would need to push the price above the 50-day SMA ($0.08), potentially triggering a rally towards the resistance zone of $0.10 to $0.11.
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