📉 DOGE: Bearish Pattern at the Upper Boundary of the Range
The DOGE coin continues to trade within a wide range of 0.18845 – 0.25574, however, a bearish pattern known as a 'double top' has formed at the upper boundary, which may indicate a possible continuation of the correction.
Pattern Data:
Local Maximum: 0.25574
Local Minimum (Neckline): 0.21578
Current Price: 0.22471
Possible Targets upon Breaking the Neckline Downwards:
0.20300 – first target based on the height of the pattern
0.18845 – lower boundary of the range and key support
Technically:
If the price consolidates below 0.21578, the bearish scenario will be confirmed. In case of a false breakout, a return to the area of 0.235–0.240 is possible before the next move.
💡 Conclusion: Currently, DOGE is in a risk zone — the reaction to the level of 0.21578 will determine the further direction of movement.
