Several altcoins, including $DOGE and $SUI , are flashing inverse Head & Shoulders (H&S) patterns on the 4-hour timeframe—a structure often seen as bullish. Traders eye these moves with optimism, but the higher timeframe story tells a different tale.
📉 On the 3D chart, momentum looks weak. Without a strong positive catalyst (likely news-driven), these setups risk failing. Instead of breaking higher, they could trigger 20–30% retracements from current levels, confirming a mid-term downtrend.
🚨 For $DOGE , that translates into a possible dip toward the $0.16–$0.18 range if momentum fades.
Key Catalyst to Watch
All eyes are now on Fed Chair Jerome Powell’s speech at Jackson Hole in the coming days. His comments could sway market sentiment, either fueling a bullish breakout—or accelerating the correction.
🔎 Takeaway: DOGE traders should stay cautious. While the 4h chart shows promise, the broader market structure suggests risk. Short-term volatility hinges on Powell’s words.
#altcoins #DOGE #sui #CryptoNews #BinanceSquare
