DOGE Price faces 52% Drop From Bearish Pattern

Dogecoin (DOGE) price is coming down from the high of Elon Musk acquiring Twitter

No Dogecoin News Likely Bad News For DOGE

Excitement is now dying, and with the controversy surrounding many of Musk’s Twitter-related decisions, the price rally is stagnating

DOGE Price Crabbing

DOGE price has been crabbing between its 200-day EMA (green wave) and 50-day EMA (purple wave) since Nov 11

A continued sell-off would likely result in Dogecoin price falling below its 100-day EMA to reach $0.075.

Break and hold above immediate resistance might help DOGE price reach resistance near $0.1 before downside corrections pare gains.