DOGE Drops Below Uptrend Line, Signaling Possible End to Five-Month Rally

Description

Dogecoin ( DOGE ), the largest memecoin by market cap, dropped below a short-term uptrend line on Monday, signaling an end to the recovery from December lows and potentially the conclusion of a five-month rally. Since then, prices have dropped below the 38.2% Fibonacci retracement level of the run that started in August and touching highs about 48 cents in December before dropping back. A golden rule of technical analysis says that for a market to maintain its current trend, it must hold above t...