news 
Bitcoin in 24 Hours: DOGE Mirrors Bullish Pattern
As the crypto market continues to fluctuate, a new analysis has emerged regarding Dogecoin’s performance over the past 24 hours. According to an expert trader and SMM expert Godfrey Benjamin, Dogecoin is mirroring a bullish pattern, which may indicate a downward trend.
The pullback in DOGE’s price is characterized by decreasing volume, highlighting the waning buying pressure. This reluctance from buyers leaves the asset open to further declines. The $0.28 mark serves as a crucial support level if the 50 EMA does not hold up. If this support fails to provide stability, it may lead to a correction in the direction of $0.21, a level unseen since November.
The RSI (Relative Strength Index) currently sits at 56, indicating an intensifying downward momentum. This development could confirm bearish dominance if the RSI continues its decline.
It is essential to remember that while DOGE’s current position may be considered oversold, it does not necessarily mean that the asset will bounce back automatically.
Source: u.today
