Guys below is my analysis on Dogecoin (DOGE) 🙂

Dogecoin Price Action:

DOGE Price is currently getting squeezed between the moving averages and $0.09 support.

This type of congestion often means that a large move is coming.

Dogecoin (DOGE) Prediction:

If price closes below $0.09

We could see sellers gain control again

After which price can decline towards $0.08

Buyers are likely to defend $0.08

But if…

$0.08 breakdown happens

Then DOGE can decline towards $0.06

On the flip side:

If DOGE closes above the moving averages

We could see buyers gaining strength

If so:

Price can extend towards $0.10

After which next resistance level is $0.12

TL;DR:

Currently DOGE is rangebound between support and resistance.

Which level breaks will decide the next move.