Dogecoin Warning: Double Top Formation Hints At Decline – Analyst 🐶
Dogecoin recently dropped to $0.238 following a market sell-off that increased volatility, causing a 9.5% loss in 24 hours and an 8% decline over the week. This activity caught traders by surprise, as noted by analysts who observed a double top formation in the price. Resistance is at $0.27, with a potential target of $0.238.
Despite bearish signals, some analysts believe a bullish case could emerge if DOGE maintains above $0.24–$0.25, aiming for $0.30 or higher. Market activity reports indicate strong trading numbers, with MVRV values still below historic peaks. ETF discussions may influence future price movements.
Source: www.newsbtc.com ↗
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