Moving on to the present, the Dogecoin price is now entering what is arguably one of the most bullish months in history, and with this new month, the crypto analyst believes that the cryptocurrency could test the top of the higher-highs trendline of the current pattern.
Just as the 1D MA100 is the level holding up the price, it could quickly become bearish for the Dogecoin price if the bulls fail to hold it. TradingShot explains that a candle close below this point would cause the Channel Up to trigger a test of the higher low bottom. This would lead to a 42.82% decline, placing the target as low as $0.17.
