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DOGEcoin has support at $0.06 for now

Since June 11, Dogecoin has managed to sustain above the $0.06 level. However, the bulls have been unable to initiate a significant bounce, which is a minor negative. If the failure to surpass the 20-day EMA ($0.07) continues, it could lead to further selling pressure from the bears.

In the event that the $0.06 support level is breached, the DOGE/USDT pair could plummet towards the crucial support at $0.05, which buyers are expected to fiercely defend. On the upside, the first indication of strength would be a break and close above the 20-day EMA, increasing the likelihood of a relief rally towards $0.08. However, at that point, the bulls may encounter strong resistance from the bears.