Benzinga

A Technical Look At Dogecoin's Chart

Dogecoin (CRYPTO:DOGE) is significantly lower over the past 24 hours. A part of the reason for the move lower is concerns over cryptocurrency taxes.

However, it was apparent on Monday that DOGE was in a bubble. It formed a reversal pattern, which means that even without the news, there was a significant chance DOGE would have moved lower anyway.

Despite the large sell-off, there’s a good chance it continues to trend lower. Most bubbles end up where they started, which would be 5 cents in this situation.

See Also: How to Buy Dogecoin

doge_3.png
Advertisement

Market News and Data brought to you by Benzinga APIs

To add Benzinga News as your preferred source on Google, click here.