$DOGE getting hit hard! 🪖

This chart tells a clear story of a major trend reversal.

After a nice pump, the price topped out around $0.2875 before a massive sell-off began. It’s now sitting at $0.2055, which is down over 8% in the last 24 hours alone.

Here’s the key takeaway from the chart:

* Bearish Crossover: The price has dropped below all three key moving averages: the MA(7) at $0.2230, the MA(25) at $0.2214, and even the MA(99) at $0.1980. This is a super strong bearish signal.

* The Breakdown: The drop below the MA(25) and MA(99) indicates that the short-term and even mid-term trends are now officially broken. This isn't just a small correction; it's a major shift in momentum.

* Next Level: The price is now hovering above the MA(99) line at $0.1980. This is the last major support line before things could get really ugly. A break below this level could signal a much deeper drop.

In the world of meme coins, momentum is everything. And right now, the momentum for Dogecoin is clearly to the downside. Be careful out there, this looks like a classic case of profit-taking after a big run.

#TrumpTariffs #MarketPullback #WhiteHouseDigitalAssetReport #FOMCMeeting #doge⚡ $BTC