Crypto analyst Tripy has highlighted a double-top Adam and Eve pattern that could send the Dogecoin price as low as $0.16. Meanwhile, crypto XAU has also highlighted a bearish setup that could spark a further decline to $0.15.
Dogecoin Price Risks Drop To $0.16 With Double Top Adam And Eve Pattern
In a TradingView post, Tripy revealed that a classic Adam and Eve pattern has formed for the Dogecoin price. The analyst warned that market participants may see volatility around the breakdown, but that the pattern rarely fails. His accompanying chart showed that DOGE could suffer a decline to as low as $0.16 due to this double top pattern.
Tripy also revealed that the MACD and volume are falling, indicating that a sell-off is coming for the Dogecoin price. A positive is that the analyst expects DOGE to rebound from the $0.16 range. The sell-off in the foremost meme coin is underway, with DOGE recording a significant decline yesterday as Bitcoin dropped below $100,000 for the
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