#price structure

The post Analyst Says This Dogecoin Chart Is Too Dangerous To Ignore – Here’s Why appeared on BitcoinEthereumNews.com. The Dogecoin (DOGE) price has continued to trend downwards, fueled by general weakness in the meme coin market and a lack of sustainable bullish catalysts. Due to its poor performance, market sentiment has been in the dumps for months. However, a crypto analyst has noted that this period of prolonged consolidation and negativity occurs before every major expansion phase. He points to a chart, noting that Dogecoin’s price structure still looks dangerous, as he expects the meme coin to stage a potential rally that could catch many investors off guard.  Dogecoin Chart Mirrors Past Expansion Cycles  Market analyst Cryptollica is warning investors and traders not to sleep on Dogecoin after identifying a recurring cycle pattern that has preceded every major DOGE bull rally since 2021.  In an X post on May 27, the crypto expert said that Dogecoin’s current market structure is

The Dogecoin (DOGE) price has continued to trend downwards, fueled by general weakness in the meme coin market and a lack of sustainable bullish catalysts. Due to its poor performance, market sentiment has been in the dumps for months. However, a crypto analyst has noted that this period of prolonged consolidation and negativity occurs before every major expansion phase. He points to a chart, noting that Dogecoin’s price structure still looks dangerous, as he expects the meme coin to stage a potential rally that could catch many investors off guard.  Related Reading: Bitcoin Could Enter Freefall If This Level Cracks: Analyst Dogecoin Chart Mirrors Past Expansion Cycles  Market analyst Cryptollica is warning investors and traders not to sleep on Dogecoin after identifying a recurring cycle pattern that has preceded every major DOGE bull rally since 2021.  In an X post on May 27, the crypto expert said that Dogecoin’s current market structure is too dangerous to ignore. He explained that