Dogecoin's "what if" moment

I spotted this first on a 2hr chart then confirmed it on a 1 day. By confirm I mean realized that dogecoin was near an important moving average and is nearing the 20 ma for retracement. The dogi being formed today on could signal upward movement, back towards .28, and/or most likely is this is a pause in the current down trend that has not yet exhausted itself.