Popular memecoin Dogecoin [DOGE] appears set to continue its downward move in the coming month amid ongoing geopolitical tensions and a bearish market structure.
According to TradingView, DOGE has fallen over 42% in the past three weeks and is now struggling at a key level while forming a bearish pattern, indicating that a major decline may be on the horizon.
On the 2nd of March, DOGE declined by over 2.15% in the past 24 hours, trading at $0.092 at press time.
During the same period, market participation also plummeted, as reflected in the trading volume, which tanked by 32% to $1.07 billion, indicating fear among traders and investors compared to the previous day.
DOGE signals a 35% downside risk
Looking at the daily chart, DOGE appeared bearish at the time of writing,…
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Source ambcrypto.com
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