For Dogecoin, the sentiment is negative as the price turned down from the 20-day EMA on April 30, and bears are using rallies to sell. If the support near $0.08 gives way, it could suggest that bears have taken control, and the price could drop to $0.07.
However, if the price bounces off the current level and rises above the 20-day EMA, it could suggest that the bulls are accumulating at lower levels and may push the price up to $0.11.
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