Dogecoin Whales Accumulating Large Positions, But Charts Bearish: Do They Know Something We Don’t?

Dogecoin’s (CRYPTO: DOGE) erratic performance is puzzling traders but fresh demand from small businesses may increase the appeal of the apex meme coin.  

What Happened: Dogecoin is down 13% over the past seven days and has painted a bearish chart pattern, according to trader Kevin. He predicts $0.08 as the next logical level to possibly build “a new base.”

Based off this #Dogecoin chart we have some simple facts to state. Broke out and faked out of the macro falling wedge = Bearish. Lost all key 1D and 4HR moving averages = Bearish. …

Full story available on Benzinga.com

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