After trading between the moving averages for several days, Dogecoin plunged below the 50-day SMA ($0.08) on Nov. 20. This indicates that the uncertainty resolved in favor of the bears. If this level also gives way, the pair could complete a 100% retracement of the entire rally and drop to $0.06. Conversely, if the price rebounds off the current level or $0.07, the bulls will again try to propel the pair above $0.09. A close above this resistance could signal that the corrective phase may be over. Source - Cointelegraph