The daily chart indicates that #Dogecoin is building a stronger market during the recent downtrend.
When the market is weak, $Doge typically forms lower lows following a distinct new low. However, $Doge is now attempting to establish a higher lows structure within a symmetrical triangle pattern. This pattern suggests that $Doge has been rejected from trading further downward.
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$Doge/daily
The daily chart indicates that #Dogecoin is building a stronger market during the recent downtrend.
When the market is weak, $Doge typically forms lower lows following a distinct new low.
However, $Doge is now attempting to establish a higher lows structure within a symmetrical triangle pattern.
This pattern suggests that $Doge has been rejected from trading further downward.