The sideways structure of Dogecoin continues to hold steady, but the looming threat of a bearish breakout is causing concern for investors. As sellers maintain the upper hand, many are left wondering if the popular cryptocurrency will be able to weather this storm or if a sharp decline is on the horizon.
Since late April, DOGE has been experiencing a period of price consolidation. Within this phase, its value has been fluctuating between $0.0763 and $0.0816, and it seems that this sideways pattern could continue if the current market conditions persist.
Will sellers push forward and cause a drop in DOGE’s value, or will the buyers step in to turn the tables?
DOGE’s Price Trends Bearish, With Possible Further Declines
Dogecoin’s price on CoinGecko currently stands at $0.07473, indicating a decline of 3.0% over the last 24 hours and a decrease of 6.5% over the past seven days.
The dip in value may cause concern among investors, but it also presents an opportunity for those looki
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