Dogecoin Price Prediction: The current downtrend in Dogecoin price can be traced using a descending resistance trendline. This decrease can be largely attributed to the widespread uncertainties surrounding the approval of a Bitcoin spot ETF. During this period, DOGE experienced a significant drop of 24%, declining from a high of $0.107 to a current price of $0.813. An examination of the Daily timeframe indicates that this decline has evolved into a pattern that could signal a potential further decline for DOGE.
Dogecoin Price Nearing a Decisive Breakout
The DOGE price correction to 61.8 Fibonacci Retracement level started reflecting weakness in buyers’ conviction
A bullish breakout from the flag pattern would indicate the end of the correction trendline
The 24-hour trading volume in Dogecoin is $2.58 Billion, indicating a 58% gain.
Dogecoin Price| TradingView Chart
Analyzing the daily timeframe chart, it’s evident that the Dogecoin (DOGE) price is adhering to two key trendlines d
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