$DOGE Doge Showing Bearish M Pattern 🐶⚠️ | Caution Ahead as Indicators Cool Off 📉🚨

🐕 Dogecoin’s chart is starting to bark a warning — the classic bearish M pattern has formed, and traders are getting cautious. 📊🐾

🔻 The price structure is signaling strong resistance at the neckline 📏⛔, and rejection at that level is confirming the M pattern breakdown. RSI is flattening and drifting down 📉🎯, showing loss of buying momentum. Meanwhile, MACD is curling down and heading toward a bearish crossover 🔄🐻 — signs of weakening strength across the board.

📉 Volume spikes are now coming on red candles, indicating sell pressure is rising 🔴📊. This could be the beginning of a deeper correction if bulls don’t step in soon. Buy volume is fading, leaving the market vulnerable. 🪫😬

🐳 On-chain, there’s whale distribution in progress — large wallets are trimming positions 💼📤. At the same time, exchange balances are rising 🏦⬆️ — a red flag that coins are being moved back to sell-ready positions.

📉 Wallet growth is slowing and social sentiment is cooling fast ❄️📉. Memes have gone quiet, and retail energy is dropping. If momentum doesn’t return quickly, the path of least resistance may remain downward.

🚨 Given the M pattern, increasing sell pressure, and bearish on-chain flows, this is a moment to manage risk wisely ⚖️🧠. Don’t chase bounces blindly, and remember — patience pays off 💰⏳.

Stay alert for a potential fakeout, but if price breaks below the neckline with volume, a deeper drop may follow. 🧨📉

⚠️ Not financial advice — always DYOR 🧠📚