🚨 Doge is forming a bearish pattern "Head and Shoulders"
On the $DOGE coin chart, a classic reversal figure is observed — “Head and Shoulders.” The pattern is not fully formed yet, but it already signals a potential decline.
Pattern data:
Local maximum (Head): 0.25574
Local minimum (Neckline): 0.21900
Current price: 0.23421
Analysis:
Pattern height: 0.03674
Short-term targets:
0.23000
0.22500
Target based on the pattern upon breaking the neckline: 0.21900 − 0.03674 ≈ 0.18226
Key levels:
Resistance: 0.25574
Support / neckline: 0.21900
💡 Conclusion:
We are monitoring the neckline. A break and hold below 0.21900 activates a bearish scenario targeting around 0.182. While the pattern is forming, short-term pullbacks to levels of 0.230–0.225 are possible.
