Dogecoin Price Is Retesting The Apex Of The Ascending Triangle, Time To Buy Or Sell?
Follow me for more insights
The Dogecoin price action in the past 24 hours has been characterized by a fresh decline to retest support at $0.33. This recent decline in the past 24 hours is a continuation of the downtrend into 48 hours, which saw Dogecoin rejecting just below $0.40 after Bitcoin also rejected below $100,000 again.
However, technical analysis of Dogecoin’s price action still points bullish, and crypto analyst Trader Tardigrade has highlighted the recent 48-hour decline as a retest of a bullish pattern. According to the analyst, the Dogecoin price is only retesting the apex of an ascending triangle.