DOGECOIN 5 GREEN DAYS IN A ROW inching closer to $0.11?

DOGEUSDT

Between April 14 to 16, the bears attempted to halt Dogecoin's recovery at the 38.2% Fibonacci retracement level of $0.09. However, the buyers did not give in to the sellers, indicating their dominance. On April 17, the buyers pushed the price above the overhead resistance, but the long wick on the candlestick shows that the sellers are protecting the 61.8% retracement level at $0.10.

The sellers will try to solidify their position by pulling the price below the moving averages. If they succeed, the DOGE/USDT pair may remain in the wide range between $0.07 and $0.11 for several days. Conversely, if the price bounces from the current level and surges above $0.10, it will indicate that bulls are trying to make a comeback. The pair may then climb to the critical resistance level at $0.11, and a breakout beyond this level will signal a potential increase in momentum.

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