Bearish patterns $DOGE threaten the price

A 'death cross' pattern has appeared on the daily chart. This is a bearish signal when the short-term moving average (usually the 50-day) crosses the long-term one (usually the 200-day) from below, indicating a shift in sentiment from positive to negative. $HIVE $FTT

The chart shows that the 50-day moving average crossed the 200-day on December 18, and the price of the memecoin has since dropped by 20%. This crossover is a bearish signal indicating a weakening trend.

Moreover, the bearish values of the Super Trend indicator confirm the possibility of further declines. At the time of writing, the price of Dogecoin was below the red line of this indicator.

The Super Trend shows the overall direction and strength of the price trend. It appears as a line on the chart that changes color, reflecting the direction of the trend: red — downtrend, green — uptrend. If the asset's price is below the Super Trend line, it indicates a downtrend and the likely continuation of bearish momentum. On the daily chart, Dogecoin is trading below resistance at $0.33. Sustained sell spikes at this level could push the price down to support at $0.28. #2025Outlook #2024withBinance