Dogecoin Warning: Double Top Formation Hints At Decline – Analyst
Dogecoin fell to $0.238 after a sharp sell-off that erased gains and pushed volatility higher. According to market feeds, the coin lost 9.5% in the past 24 hours and about 8% over the week, with a sudden spike in activity that traders say caught many off guard. Related Reading: Bitcoin Is ‘Digital Capital’ That Outpaces Traditional Assets—Michael Saylor Double Top Triggers: Cause For Concern? According to analyst Merlijn The Trader, price action showed two failed attempts to push higher before sliding beneath a neckline near $0.27. That setup produced a measured move target around $0.238 —....
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Technical indicators are pointing to a major breakdown of the Dogecoin price, as an analyst projects a decline to $0.2. This bearish prediction could be game over for Dogecoin, as the meme coin has formed a Double Top pattern, indicating that it may experience further downside pressure this quarter. Double Top Pattern Signals Dogecoin Price […]
The Dogecoin price chart hints at a potential ascending triangle pattern formation, which could propel its price to new levels. In an X (formerly Twitter) post, a crypto analyst revealed that if the popular meme coin succeeds in creating this bullish technical pattern, it could trigger a price surge to $0.56. Dogecoin Price Eyes $0.5 […]
Key Highlights. Dogecoin price after spiking twice above 80.0 Satoshis started a consolidation phase. 0 Satoshis is acting as a major support area for buyers and might hold for some time. There is a chance of a double top pattern formation, but it might need some seller's strength for a move lower. Dogecoin price might continue to consolidate for some time as there is a monster support building around 64.0-62.0 Satoshis. What's next? There were nasty moves in Dogecoin price, as it spiked more than two time above 80.0 Satoshis, but failed to sustain gains. It is the same reason for which....
The Dogecoin and Shiba Inu prices have witnessed double-digit crashes in the last few days, sparking a bearish sentiment for the foremost meme coins. This price decline has occurred due to several factors, including Trump’s tariffs on Mexico and Canada. Why The Dogecoin And Shiba Inu Prices Have Crashed Double Digits CoinMarketCap data shows that […]
Dogecoin could be gearing up for another major surge in price as the meme coin’s chart shows the formation of a major pattern. The Golden Cross pattern is a major bullish formation on a chart that usually precedes a notable rally for digital assets such as DOGE. Currently, the Dogecoin price is forming its first golden cross in four years, making this an important development for the meme coin’s price. Dogecoin Analyst Points out Golden Cross Dogecoin analyst Kevin Capital on X (formerly Twitter) has highlighted an important formation on the Dogecoin chart. According to the crypto analyst,....