🚨 $DOGE / Descending triangle pattern – Is Dogecoin on the verge of collapse? 🐕📉
🔍 Technical Analysis:
Dogecoin shows a descending triangle pattern on the chart, which is a well-known signal for a continuation of the bearish trend if support is broken.
The situation is becoming cautious with clear negative signals from technical indicators.
📊 Current Situation:
• RSI is flat and weak ➡️ loss of momentum
• MACD confirms a bearish crossover 🔻
• Increase in selling volumes compared to buying
• Rise in exchange balances 🏦⬆️ = readiness to sell
🐳 On-chain:
• Whales are transferring DOGE to exchanges
• Slowdown in wallet growth
• Decline in new investor inflow
💬 Social Sentiment:
Interest is fading, hype is dissipating, and anxiety is rising — risk indicator.
📉 Negative Scenario:
Breaking support = potential sharp downward movement
📈 Positive Scenario:
Only a bullish breakout above the nearby resistance could reverse the trend
⏳ Recommendation:
Stay alert — do not enter the market without clear technical confirmation.
Follow accurate and updated analyses always #CryptoEmad
