Dogecoin ($DOGE ) price analysis - Cointelegraph Analytics

Irma - Oct 7 - - Dev Community

DOGE has formed a symmetrical triangle pattern, indicating indecision between the bulls and the bears.

The flattish moving averages and the RSI near the midpoint do not give a clear advantage either to the bulls or the bears. If the price skids and sustains below the 50-day SMA ($0.10), the bears will try to sink the DOGE/USDT pair below the support line. If they succeed, the pair could descend to $0.08.

On the contrary, if buyers kick the price above the 20-day EMA ($0.11), the pair could attempt a rally to the resistance line. Buyers will have to overcome this barrier to signal the start of a new up move.

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