#CryptoCharts101 Technical analysis suggests a "death cross" pattern:
From a technical perspective, DOGE has confirmed a bear flag pattern on the weekly chart! After the price broke below the $0.20 support, it is currently testing the $0.15 support level. If this position is breached, the price may rapidly decline, potentially reaching a low of $0.06, a drop of up to 66%, which means holders' assets will face significant depreciation!
RSI indicator exposes bearish signals:
Currently, the Relative Strength Index (RSI) of DOGE has fallen to 43, indicating increased selling pressure and a strong bearish sentiment! If DOGE fails to hold the key support levels (such as $0.14 or $0.13), breaking below these levels may trigger a panic sell-off that accelerates the downward movement.