VOT Research Desk
DOGE tickers fell $0.09 and broke below the 50-day SMA of $0.09 on December 11, indicating that the bulls may be losing their grip.
The DOGE/USDT pair may fall to $0.08, which may operate as a modest support.
If the price bounces off this level but fails to break above the 20-day EMA, the chances of a decline below the critical support level of $0.07 increase.
To take the upper hand, buyers will need to push the price above the psychological barrier of $0.10.
After that, the pair might rise to $0.11. If buyers overcome this obstacle, the pair may gain momentum and climb to the 61.8% Fibonacci retracement level of $0.13.
