#Doge
๐ฟ๐ค๐๐๐๐ค๐๐ฃ ๐๐ง๐๐๐ ๐๐ฎ๐๐จ ๐ 52% ๐๐ช๐ง๐๐ ๐๐จ $658๐ ๐๐ค๐ง๐ฉ๐ ๐ค๐ ๐ฟ๐๐๐ ๐๐ญ๐๐ฉ ๐๐ญ๐๐๐๐ฃ๐๐๐จ
Dogecoin price has pulled back in the last seven consecutive days and reached its lowest level since June 6. DOGE today, June 17, trades at $0.1700, down by 35% from its highest point in May. It has formed a highly bullish falling wedge pattern, pointing to an eventual comeback.
Dogecoin has also experienced increased exchange outflows, which could signal more gains ahead.
The daily timeframe shows that the Dogecoin price has been in a strong downtrend in the past few weeks. This crash started when the coin formed a double-top pattern at $0.2600 and a neckline at $0.2100.
A double-top pattern is a popular bearish reversal pattern comprising of two resistance levels and a neckline. It often signals that bulls are unable to force a push above that resistance level. The coin has moved below the 50-day and 200-day moving averages.
On the positive side, DOGE price has formed a falling wedge chart pattern. This pattern comprises of two descending and converging trendlines, with a breakout happening when the two lines near their confluence levels.
A breakout above the upper side of the wedge will raise the possibility of the Dogecoin price rising to $0.2600, the highest point in May, which is about 52% above the current level.
๐ฅ๐ก๐๐๐จ๐ ๐ก๐๐ ๐ , ๐๐ค๐ก๐ก๐ค๐ฌ & ๐จ๐๐๐ง๐ ๐๐ค๐ง ๐ข๐ค๐ง๐ ๐๐ฃ๐จ๐๐๐๐ฉ ๐ก๐๐ ๐ ๐ฉ๐๐๐จ๐ ๐๐ง๐ค๐ข ๐๐ง๐ฎ๐ฅ๐ฉ๐ค ๐ฌorldโคโค๐๐๐๐๐๐
