#DOGE


DOGE's current trend is clearly oscillating around $0.12.
The bulls have been trying to push higher repeatedly, but the bears are defending this level very firmly, so short-term will see repeated fluctuations.
However, one thing worth noting — as long as the price can stay high, it indicates that the bulls haven't clearly exited.
The key now is whether it can truly break through $0.12.
If later on, volume increases and it stabilizes above this level, it suggests selling pressure above is being absorbed, and the market may have room to move higher.
Following this structure, the next target could be $0.13, and then $0.16 above that.
But conversely, if the price cannot break through $0.12 and is pushed back below the 20-day moving average, it indicates that this rally is more of a rebound within a range, and the bears are still controlling the pace.
In this case, DOGE is likely to return to the $0.09 to $0.12 range and continue sideways trading.
DOGE-2.46%
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