🔥🔥🔥The price of Dogecoin is on the verge of a sharp decline, perhaps only a lifeline can save it

Click the avatar to live, briefly discussing views on the bull market

Technical levels may stabilize or recover depending on Bitcoin's movement.

The price of Dogecoin is at risk of plummeting again. Technical analysis shows that the upward trend line from mid-November has become an insurmountable obstacle. Dogecoin bulls have repeatedly attempted to push the price back above the support line but have failed.

DOGE "failed to retest the trend line and is exactly at the .786 Fibonacci level."

Additionally, internal momentum indicators also show strong downward momentum, suggesting that unless the crypto environment changes, market trends may decline. If Bitcoin does not rise, the likelihood of DOGE falling increases.

In terms of Dogecoin price analysis, DOGE's fate is currently in Bitcoin's hands, and focusing too much on DOGE is somewhat of a waste of time.

However, it is worth mentioning that there is a potential hidden bullish divergence being tracked, which may indicate that market strength is stronger than it appears on the surface.

Still, this requires Bitcoin's cooperation.

Click the avatar to live, briefly discussing views on the bull market