U.Today - Dogecoin is about to undergo a noteworthy technical event that could significantly affect how much it moves in the future. This is almost a death cross, where the 200-day Exponential Moving Average (EMA) crosses below the 100-day EMA.
Because it represents a change in momentum from bullish to bearish, this technical pattern - which is occurring around the $0.12 level - usually indicates the possibility of a protracted downtrend.
A bearish outlook for Dogecoin may be confirmed if the 100 EMA crosses below the 200 EMA and remains there. The price of DOGE would probably decline more as a result of this event, discouraging buyers and drawing sellers. Though not all death crosses result in large losses, historically, they have frequently preceded protracted periods of price declines. #BecomeCreator
