DOGE attempted to rise above the 20-day EMA ($0.10) on Aug. 20, but the bears did not relent.
However, the bulls have not given up and are again trying to drive the price above the 20-day EMA on Aug. 21. If they can pull it off, the DOGE/USDT pair may rise to the 50-day SMA ($0.11) and after that to the downtrend line.
Instead, if the price turns down from the 20-day EMA, it will suggest that the sentiment remains negative, and traders are selling on minor rallies. The selling could accelerate if the pair breaks below $0.09.
However, the bulls have not given up and are again trying to drive the price above the 20-day EMA on Aug. 21. If they can pull it off, the DOGE/USDT pair may rise to the 50-day SMA ($0.11) and after that to the downtrend line.
Instead, if the price turns down from the 20-day EMA, it will suggest that the sentiment remains negative, and traders are selling on minor rallies. The selling could accelerate if the pair breaks below $0.09.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.