Dogecoin price prediction

[kevin1]

Dogecoin (DOGE) turned up from the 50-day SMA ($0.10) on Wednesday, but the relief rally is facing resistance at the 20-day EMA ($0.11).

DOGE/USDT daily chart. Source: Cointelegraph/TradingView

If buyers pierce the 20-day EMA, the DOGE/USDT pair may rise to the $0.12 overhead resistance. Sellers are expected to defend the $0.12 level, as a close above it would signal a short-term trend change. The DOGE price may then soar to $0.14 and later to $0.16.

The 50-day SMA is the critical support to watch on the downside, as a break below it could sink the pair to the $0.09 level.

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dogecoin bouncing off support like the market suddenly remembered memes still exist

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the 012 level on doge is likely the major confirmation zone since breaking strong overhead resistance often attracts momentum traders and short covering