Is Dogecoin Facing a Reversal? Chart Patterns Suggest Potential Shifts

DOGE currently trades around $0.22, following a significant price drop of 1.21%. Market sentiment remains neutral with the Fear and Greed Index hovering at 53. The meme coin’s market cap has dipped by 5.8%, reaching $73.2 billion. Despite this decline, DOGE’s trading volume remains significant at $2.78 billion, a decrease of 13.14% from earlier hours. A notable $11.83 million in DOGE was liquidated during this period. The coin’s chart reveals a symmetrical triangle pattern, signaling potential for both a sharp upward or downward breakout.