Dogecoin (DOGE) has been trading in a sideways pattern since the price drop on December 20. The cryptocurrency has been trading above the $0.30 support and below the $0.34 resistance or the 21-day SMA.
Dogecoin (DOGE) has lost its bullish momentum as the bears break below the 21-day SMA. The cryptocurrency was dumped at a high of $0.48, which caused it to fall below the 21-day SMA.