Dogecoin fell to $0.238 after a sharp sell-off that erased gains and pushed volatility higher. According to market feeds, the coin lost 9.5% in the past 24 hours and about 8% over the week, with a sudden spike in activity that traders say caught many off guard.
Double Top Triggers: Cause For Concern?
According to analyst Merlijn The Trader, price action showed two failed attempts to push higher before sliding beneath a neckline near $0.27. That setup produced a measured move target around $0.238 — a level the market reached.
Resistance sits at $0.27, and a daily close above $0.28 would weaken the bearish case. For now, traders watching the pattern see the chart as favoring downside while the price stays under the neckline.
$DOGE IS FLASHING A TEXTBOOK DOUBLE TOP.
Bearish retest locked. Target sits at $0.238.
Don’t confuse noise with signal.
The chart is already telling the truth. pic.twitter.com/GJ32G2kniw
— Merlijn The Trader (@MerlijnTrader) September 21, 2025
R
We współpracy z: https://www.newsbtc.com/dogecoin-2/dogecoin-warning-double-top-formation-hints-at-decline-analyst/
