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Crucial Bearish Pattern, Dogecoin (DOGE): Down Even More
Dogecoin’s recent price action has caught the attention of market observers and traders alike. A bearish pattern has emerged in DOGE’s chart that suggests a significant downturn is imminent.
In an interview with U.Today, Dan Burgin, a seasoned analyst, emphasized the importance of monitoring this development closely: “As we can see from the chart, Dogecoin’s RSI indicator is showing extreme oversold conditions. This, combined with the bearish momentum in the MACD histogram, indicates that DOGE’s price will likely continue its downward trajectory.”
The article highlights the crucial implications for investors and traders who have held onto DOGE throughout this correction.
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Source: u.today
