Dogecoin tumbled and closed below the 20-day EMA ($0.06) on Oct. 8 and the bulls failed to push the price back above the 50-day SMA ($0.06) on Oct. 9.
Source: TradingView The selling resumed on Oct. 10 and the bears will now attempt to sink the price to the support near $0.06.
Buyers had successfully defended this support on Sept. 19 and again on Sept. 21; hence, the bulls are likely to buy the dip to this level with vigor.
If the price rebounds off the current level or the support, the bulls will try to push the DOGE/USDT pair to the overhead resistance at $0.07.
The next major trending move could begin on a break above $0.07 or below $0.05.

Source - Coin Telegraph

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