The 4-hour $DOGE chart shows a potential bear flag pattern. The initial 18% drop from May 29–31 formed the flagpole, followed by an upward consolidation (the flag). A breakdown could occur if DOGE closes decisively below the flag’s lower trendline.


Currently, DOGE is trading at $0.188, down 2.59% from its intraday high of $0.0204. The RSI faces rejection near the midline, indicating weak buying pressure. Meanwhile, the Awesome Oscillator (AO) shows tentative bullish signs as the histogram approaches the zero line, suggesting a possible recovery attempt.


However, broader market uncertainty, particularly around Bitcoin’s short-term outlook, may influence DOGE’s trend. If $BTC weakens further, DOGE and other altcoins could face additional downward pressure.

#Altcoin Season# #Bitget

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June 04, 2025 at 9:20 PM
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