Dogecoin price analysis

· Market Analysis

Dogecoin (DOGE) is witnessing a tough battle between the bulls and the bears near the $0.14 support.

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The downsloping moving averages indicate advantage to bears, but the positive divergence on the RSI suggests the selling pressure is reducing. However, if the price dips and maintains below $0.14, the selling could pick up again. The next stop on the downside is at $0.10.

Contrarily, a break and close above the $0.20 resistance signals the formation of a double bottom pattern. The