The flat 20-day EMA and the RSI near the midpoint suggest a balance between supply and demand.
If the DOGE/USDT pair continues its slide and breaks below the neckline of the head and shoulders pattern, the selling could intensify. The bulls may try to arrest the decline at $0.21 but if they fail to do so, the pair may drop to $0.10.
This negative view will nullify if the price bounces off the neckline and rises above $0.47. Such a move will indicate the bulls are back in the driver’s seat and the pair could then rally to $0.59.
If the DOGE/USDT pair continues its slide and breaks below the neckline of the head and shoulders pattern, the selling could intensify. The bulls may try to arrest the decline at $0.21 but if they fail to do so, the pair may drop to $0.10.
This negative view will nullify if the price bounces off the neckline and rises above $0.47. Such a move will indicate the bulls are back in the driver’s seat and the pair could then rally to $0.59.