As Dogecoin Fights This Bellwether Indicator Here’s A Look At What’s Next

Dogecoin (CRYPTO: DOGE) was sliding over 5% lower during Monday’s 24-hour trading session, desperately trying to hold above the 200-day simple moving average (SMA) on the daily chart, which the crypto regained following news that Elon Musk’s Twitter acquisition would close. The bears briefly dropped the crypto under the important level on Monday afternoon, but bulls came in and bought the dip.