DOGEUSDT DOGE Crypto Price Analysis April 10, 2023
DOGEUSDT On April 8, Dogecoin managed to maintain its position above the moving averages. However, the small rebound on April 9 suggests that there is little demand for the asset at higher levels.
Currently, both moving averages have flattened out, and the RSI is slightly above the midpoint, indicating an equilibrium between buyers and sellers. If the price rebounds from its current level, it may face resistance at the 38.2% Fibonacci retracement level around $0.09. A reversal from this level could cause the DOGE/USDT pair to move sideways between $0.09 and the moving averages.
In the event of a drop below the moving averages, the pair could decline to the robust support level of $0.07. On the other hand, if the price manages to break above $0.09, it could pave the way for a potential rally to $0.11.
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