Dogecoin (DOGE) Price: Inverse Head and Shoulders Pattern Puts $0.10 in Focus
Photo: CoinCentral
TLDR DOGE trades near $0.0789 after sliding below the $0.0800 level on Thursday. Dogecoin spot ETFs saw outflows of about $139,000 on Wednesday and $399,000 the day before. US inflation rose to 3.7% in September, above forecasts of 3.6%. Analyst Trader Tardigrade points to an inverse head and shoulders pattern with a neckline near $0.1. Whales moved 300 million DOGE, worth about $24 million, according to DogeGod. Dogecoin (DOGE) extended its correction on Thursday and traded at $0.0789. The $0.0800 level now acts as supply and limits recovery attempts. Investors have also pulled back on risk as inflation worries persist.
Source: CoinCentral
