Dogecoin price decline: has the trend turned bearish or just down?
Click on the avatar live, watch the live broadcast to understand the bull market! ! !
The price of Dogecoin has shown considerable gains on a longer time frame. From October to the first week of December, the price of Dogecoin surged by 366%.
However, buyers ran out of steam in the first week of December and began to take profits. In this sell-off, the price of Dogecoin fell by 32%.
The price rose after finding support on the trendline, but the buyer power was weak and failed to continue the rise, breaking the trendline and showing a continuous downward trend.
This is the meme coin with the highest market capitalization. Analysts expect another bull run to follow the decline on a wider time frame.
Is another bull run about to begin for Dogecoin?
Trader Tradigrade is a cryptocurrency analyst who shared his analysis of the DOGE cryptocurrency on X. He showed the DOGE chart and commented that the price of Dogecoin is rising according to a certain pattern.
According to this pattern, the Dogecoin price may experience another bull run.
He claimed that the price has completed a three-year accumulation phase and has already broken out of it. On the weekly chart, the price has seen a mild decline and is about to rise
Click on the avatar live, watch the live broadcast and understand the bull market! ! !
