Analyst Highlights Interesting Dogecoin Double Top Adam & Eve Pattern

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Crypto analyst Tripy has highlighted a double-top Adam and Eve pattern that could send the Dogecoin priceas 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 patternhas 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.  Related Reading Analyst Predicts Dogecoin Price “Historic Mega Run” – Here’s The Target 1 day ago

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 $100,000for the second time this month.  Source: Chart from Tripy from Tradingview

Crypto analyst XAU drew a bearish setuptoward $0.15 for the Dogecoin price. He noted that DOGE remains under strong bearish pressure, following multiple Breaks of Structure (BOS) and Market Structure (MSS) on the 3-hour timeframe. The analyst further stated that after a brief consolidation phase, the price continues to respect the descending trend, indicating a lack of bullish strength. 

Notably, the Dogecoin price had attempted a minor upward correction toward the psychological $0.2 levelbut failed to reclaim the zone. As a result, XAU has warned that this may trigger a sharp drop toward the $0.15 level, which will confirm continuation of the broader bearish trend. The analyst added that momentum remains weak and sellers continue to dominate short-term rallies, indicating further downside pressure.  DOGE Reenters Broadening Wedge

In an X post, crypto analyst Trader Tardigrade revealed that the Dogecoin price has reentered the broadening wedge after a “Spring Action.” He added that this pattern was last seen in 2024, just before a massive surge. His accompanying chart showed that DOGE could still rally to $0.8, despite the current bearish price action. A rally to this level would mark a new all-time high (ATH)for the foremost meme coin.  Related Reading Dogecoin Price Rally Above $0.74 ATHs In The Works As HTF Trend Holds 2 days ago

In the short term, Trader Tradigrade indicated that the Dogecoin price could reclaim the $0.2 level. He statedthat DOGE has returned to the previous level as the RSI indicates a breakout of a trendline. His accompanying chart showed that DOGE could reach $0.26 after reclaiming the $0.2 level. 

At the time of writing, the Dogecoin price is trading at around $0.163, down over 5% in the last 24 hours, according to datafrom CoinMarketCap. DOGE trading at $0.16 on the 1D chart | Source: DOGEUSDT on Tradingview.com Featured image from Peakpx, chart from Tradingview.com