$DOGE Dogecoin Price Forms Inverse Head And Shoulders Pattern To Suggest Quick Reversal To $0.25๐ฅ๐ฅ #dogeโก
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#Dogecoin has flipped into negative price territory in a seven-day timeframe, with the meme coin currently down by 6.11% in the past seven days. However, this price action has led to the emergence of a bullish pattern on the 1-hour candlestick timeframe chart.
The constructive formation follows a corrective drop that briefly pushed Dogecoin to $0.18, but recent trading sessions have seen higher lows and firmer support levels. This, in turn, has led to the formation of an inverse head and shoulders pattern that points to quick bullish targets for the Dogecoin price.
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