Dogecoin price is on the verge of a 70% downturn
- Dogecoin price risks invalidating the falling wedge pattern after six weeks of failed attempts to break out.
- A breakdown of the lower trend line of the wedge at $0.087 will trigger a bearish descent.
- A weekly candlestick close above $0.159 will invalidate the bearish outlook.
Dogecoin price is grappling with the lower trend line of a bullish pattern. This development comes after a wildly bullish narrative over the last few weeks. Therefore, investors need to pay attention to Bitcoin’s directional bias.