Analyst Says This Dogecoin Chart Is Too Dangerous To Ignore – Here’s Why

The Dogecoin (DOGE) price has continued to trend downwards, fueled by general weakness in the meme coin market and a lack of sustainable bullish catalysts. Due to its poor performance, market sentiment has been in the dumps for months. However, a crypto analyst has noted that this period of prolonged consolidation and negativity occurs before every major expansion phase. He points to a chart, noting that Dogecoin’s price structure still looks dangerous, as he expects the meme coin to stage a potential rally that could catch many investors off guard.  Related Reading: Bitcoin Could Enter Freefall If This Level Cracks: Analyst Dogecoin Chart Mirrors Past Expansion Cycles  Market analyst Cryptollica is warning investors and traders not to sleep on Dogecoin after identif...