Crypto
Tight Patterns Squeeze Dogecoin Price Toward Decision Point
Despite its humble beginnings as a joke in 2013, Dogecoin ($DOGE) has managed to outlast many other cryptocurrencies and is now the tenth-largest by market cap.
The current price of $DOGE is $0.06988, down just 0.4% today.
Two overlapping chart patterns are currently squeezing the price toward a decision point: a descending channel on the hourly chart and a symmetrical triangle on the four-hour chart.
According to TradingView charts, breaking above both resistance levels could lead to prices reaching $0.07080 or even $0.07340, while a breakdown below support could see prices drop to $0.06902 or lower.