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🚨 Game Over For Dogecoin? Double Top Pattern Puts Price Below $0.2 This Quarter.
Dogecoin is not just barking up the wrong tree; it might be headed for a price nosedive! Woof! An analyst has thrown a curveball by predicting a steep decline to around $0.2. The dreaded Double Top pattern is at play, suggesting that the beloved meme coin could see some serious downside this quarter.
MelikaTrader94 from TradingView is raising the alarm while pointing out those M-shaped peaks that seem ready to pounce. If Doge breaks below the neckline, it could be curtain call time for this Shiba Inu favorite.
Adding a cherry on top of this bearish sundae, the Relative Strength Indicator (RSI) confirms that momentum is running out of steam. With a current price of $0.25, Dogecoin has taken a hefty hit of over 32% in the last month. Talk about an unwanted surprise during the crypto party!
But wait, there’s a catch! Crypto analyst Ali Martinez hints at a flicker of hope with some signals that a rebound might be in the cards. Could the Doge pack rise from the ashes? Only time will tell.
Stay sharp, investors, as the crypto waves continue to roll in.
#memecoin # crypto #Ethereum
⚠️ Disclaimer: This analysis is for informational purposes only and should not be considered financial or investment advice.