Dogecoin Grinds Higher But ‘Lower Prices Are To Be Expected,’ Warns Technical Analyst
Posted On December 9, 2024
Dogecoin’s (CRYPTO: DOGE) strong gains in November point to overall bullish sentiment, but traders expect a pullback in the near term.
What Happened: Crypto trader Cold Blooded Shiller analyzed in a post on X how Dogecoin’s recent rally mirrors the market’s emotional state.
While the chart indicates bullish sentiment, it shows a structure losing momentum with each high, which could either break upward in bullish conditions — as seen in vertical accumulation patterns — or downward, adding to market uncertainty.
Concerns about fatigue and downside risks are growing, with the market mirroring the DOGE chart: optimistic yet showing signs of possible exhaustion.
Technical analyst Kevin …