$DOGE Technical Outlook: Bearish Signals Persist 🐶💤
📉 The Dogecoin/USDT chart on WhiteBIT is painting a concerning technical picture. The bearish crossover of the moving averages and the Relative Strength Index (RSI) firmly in the negative territory suggest the path of least resistance is to the downside for DOGE.
💥 Technical analysis indicates the meme coin may slide further to test the 61.8% Fibonacci retracement level around $0.27, and potentially drop as low as $0.23 if the selling pressure persists.
🧐 The current setup suggests the downside risks outweigh the upside potential in the short term. 🧐
