Dogecoin (DOGE) price has dropped 26% from $0.1900, the highest level in May. Technical analysis suggests that DOGE may extend its decline due to the formation of a double top pattern. Whales offloading their tokens also increases the odds of this bearish forecast. Dogecoin Price Analysis Shows Double Top Pattern Could Extend Losses Technicals suggest that the DOGE price has more downsides this month. It has formed a double-top pattern at $0.2528, and a neckline at $0.2113. A double-top is a common bearish sign that signals that bulls are afraid of placing bullish trades above its upper side.  Dogecoin price has crashed below the lower side of the neckline at $0.2113, its lowest point on May 17. It has also lost the support of the 50-day and 100-day Exponential Moving Averages (EMA). DOGE is also forming a tiny bearish flag pattern that could point to more sell-off in the next… Read More at Coingape.com

The post Double Top Pattern Predicts Dogecoin Price May Crash 30% appeared first on CoinGape.

Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0

PRC Comment Policy

Your comments MUST BE constructive with vivid and clear suggestion relating to the post.

Your comments MUST NOT be less than 5 words.

Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.

Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.

Constructive REPLY to comments is allowed