DOGEcoin bouncing back!

DOGEUSDT

On April 26, the bears pushed Dogecoin's price below the support level near $0.08. However, they couldn't sustain the breakdown, and the buyers bought the dip, pushing the price back above the 50-day SMA ($0.08) on April 27. The next hurdle for the DOGE/USDT pair is the 20-day EMA ($0.08) and then the downtrend line.

For a potential rally to the $0.10 to $0.11 resistance zone, the buyers must push the price above the downtrend line. On the other hand, the bears will try to bring the price back below the $0.08 support. If they succeed, the DOGE/USDT pair may slide down to the crucial support near $0.07, which the bulls are likely to defend.

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