Cryptocurrency Markets See Volatility as DOGE Pulls Back and BTC Maintains Strength

Cryptocurrency markets are experiencing some volatility as Dogecoin (DOGE) has pulled back to $0.0860 after last week's 35% rally, but still holds above its 50-day Exponential Moving Average (EMA). The price of DOGE is below the 200-day EMA at $0.0956 and a breakout above this level could potentially target the $0.1161 supply zone.

Meanwhile, Bitcoin (BTC) continues to show strength after last week's 23% rally, maintaining its bullish bias with a price hovering above the 78.6% Fibonacci retracement level at $77,489.

Ethereum (ETH), on the other hand, has seen significant liquidations of over $103 million in the past 24 hours, primarily driven by short liquidations. Despite this, ETH shows strong buying momentum, with its 20-day EMA crossing above the 200-day and 50-day EMAs.