Dogecoin bearish pressure
Dogecoin / TetherUS BINANCE:DOGEUSDT
The price of Dogecoin follows the movement of major cryptocurrencies, retreating from a maximum of 0.140000 since March 1; we are now at 0.12630. Moving averages increase the bearish pressure again by switching to the bearish side. Our previous support was at 0.12000, and now there is a good chance that we will test it again and even continue towards the February minimum at 0.11100. We need a jump in prices above the MA20 and MA50 moving averages for a potential recovery. And only then can we expect a possible recovery and break above the MA200 moving average and 0.140000 price.
