23 October, 2024
Dogecoin Dips: Overbought Territory, Golden Cross Concerns, and Macro Headwinds
23 October, 2024
Dogecoin (DOGE) has experienced a downward shift today, primarily attributed to its recent entry into overbought territory. This overbought condition, coupled with the looming presence of a golden cross pattern, has amplified bearish sentiment surrounding DOGE. Furthermore, prevailing macroeconomic factors have added to the pressure on the cryptocurrency’s price, creating a challenging environment for bullish momentum.