Dogecoin Community Exploration
Discover the deeper value of dogecoin and the latest developments of dogecoin whales.
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Jan / 06
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- DOGECOIN: Will Panic Selling Subside or Signal an Ongoing Bloodbath
- Jan 06, 2024 at 08:04 pm Coingabbar
- The ongoing bearish trend in Dogecoin, as indicated by Coingabbar Price Analysis, suggests a potential trend reversal in early 2024. The daily chart reveals a breakdown in the falling channel, serving as a signal for a possible change in direction. This shift was initiated on January 3rd with a bearish engulfing candle, breaching the descending support trendline. Despite recent attempts to break into the descending channel pattern, Dogecoin has faced visible selling pressure, resulting in a struggle to sustain upward momentum. If the price fails to surpass $0.0850, a fresh decline may be triggered. The current situation in Dogecoin is causing panic among investors, with concerns that the ongoing bloodbath may subside.
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