Dogecoin [DOGE]: This price level could make or break your portfolio
In the last month, Dogecoin [DOGE] bulls seemingly impeded the selling spree after the alt dipped from the $0.12-level. As a result, it saw a revival above the 20 EMA . However, DOGE struggled to find a volatile break away from the Point of Control .
Also, the altcoin dipped below the nine-month trendline resistance and reaffirmed the selling strength from a long-term outlook. With the 61.8% Fibaqoncci level standing sturdy, the bulls still needed to ramp up the buying pressure to alter the broader trend. However, a bullish intervention at the $0.07-mark could help the buyers push for more. Any recovery above the 50-55 EMA would aid the bullish endeavors. The 61.8% level would continue posing hurdles in this case.The RSI finally snapped the 50-52 range to claim a bullish edge. Bulls still needed to maintain the buying streak to consistent gains beyond the trendline resistance on the chart.
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