Consolidation Breakdown: DOGE price falls below the $0.060 mark. Morning Star: A potential morning star pattern could retest the $0.060 range. Long-Term Bear Phase: DOGE has been in a bearish trend for most of 2023. Current Price: DOGE is trading at $0.0588 with no significant intraday move. Bearish Engulfing: A sharp 3.94% fall forms a bearish engulfing candle. RSI Indicator: RSI crashes under the 14-day SMA, approaching the oversold boundary. EMA Alignment: Both 50-day and 200-day EMAs maintain a bearish alignment. Lower Highs: DOGE continues a trend of lower high formations. Falling Wedge: DOGE price is trapped in a falling wedge pattern. Psychological Support: Next crucial support is at $0.050. Trend Reversal: A jump above $0.060 could lead to $0.065. Delayed Bull Run: Ongoing bearish trend warns of a delayed bull run for DOGE.
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