Is Dogecoin Poised for a 21% Drop? Technical Analysis Points to Bearish Setup

Despite a recent price decline of 16%, Dogecoin (DOGE), the world’s largest crypto meme coin, may continue its downward trend. A bearish technical setup is currently forming on the daily chart, according to analysts. This pattern could signal a significant drop in DOGE prices, potentially reaching as low as $0.13 if it breaks below the neckline of the bearish head and shoulders pattern.