Elon's DOGEcoin could make him poorer if it slides to $0.07

DOGEUSDT

Dogecoin's shallow bounce indicates that demand is drying up at higher levels, and the 20-day EMA is turning down. The bears have a slight edge, and if the price falls below the $0.08 support, the DOGE/USDT pair may decline further to the next major support at $0.07.

However, if the price breaks above the 20-day EMA, the pair may rise to $0.10 and $0.11, but the bears are likely to guard this level with vigor.

Let me know what you think!
Follow me for more TA!