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Dogecoin price is on the verge of a 70% downturn

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.

 

About The Author

Simon Lee

I like data to be encrypted, the net to be neutral, and technology to be simple to use.

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