DOGE price analysis hints at 30% drop despite Elon Musk’s Twitter bid

2022.04.17 19:56

DOGE price analysis hints at 30% drop despite Elon Musk’s Twitter bid

The brief Dogecoin (DOGE) price rally last week following Tesla (NASDAQ:TSLA) CEO Elon Musk’s bid to buy Twitter (NYSE:TWTR) appears to be fizzling out as DOGE closes the week over 8%.

DOGE’s price dropped to $0.142 on April 17, three days after peaking out locally at $0.149. The Dogecoin correction, albeit modest, raised its potential to trigger a classic bearish reversal pattern with an 85% success rate of reaching its downside target.

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