) turned up from the support at $0.06 on June 28, indicating that the bulls continue to defend the level with vigor.The flattish 20-day EMA and the RSI just below the midpoint suggest a range-bound action in the near term. The price may swing between $0.06 and $0.07 for a while longer. This neutral view will tilt in favor of the buyers if they thrust and sustain the price above the overhead resistance at $0.07. The DOGE/USDT pair may then climb to $0.08.
Alternatively, the bears will have to sink and sustain the price below the strong support of $0.06 to gain the upper hand. The pair may then fall to the vital support at $0.05.) broke below the $16.18 support on June 28 but this proved to be a bear trap. The price turned up sharply on June 29 and skyrocketed above the 20-day EMA as the bears may have rushed to cover their short positions.The buying continued on June 30 and the bulls are trying to drive the price above the breakdown level of $18.
If bears want to prevent the upside, they will have to stop the relief rally at $18.70 and pull the price back below the 20-day EMA. The pair could then retest the crucial support zone between $16.18 and $15.28.
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