DOGE/BTC – Technical Analysis (May 26th)
We're currently observing a bullish flag formation on the DOGE/BTC pair, which has been developing since May 9th, when DOGE reached its recent peak. Since then, the price has been gradually declining, forming a typical consolidation pattern within an overall upward trend.
Based on our analysis, this pullback could be nearing its end, as it aligns with key Fibonacci retracement levels. If the price holds support around these levels and begins to bounce, we could see a continuation of the upward movement and a potential breakout above the previous high.
DOGE remains technically strong and continues to be a promising altcoin to watch in the coming days.
