Elon Musk will be mad if DOGE goes to $0.07

DOGEUSDT

The value of Dogecoin witnessed high volatility on April 19 and 20. The bulls are attempting to maintain the 200-day SMA ($0.08), but they are facing strong resistance from the bears. If the price declines from the 20-day EMA ($0.09), it suggests that the bears are selling on every minor rally, increasing the risk of a drop below the 200-day SMA.

In this case, the DOGE/USDT pair may fall to the crucial support level of $0.07. However, if the price rises above $0.10, it indicates that there is strong buying near the 200-day SMA. The pair may then face significant resistance from the bears at $0.11.

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