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Dogecoin is experiencing a slight pullback today, trading around $0.10 and recording an approximately 0.47% drop over the past 24 hours. The price is managing to stay above the support level of $0.08857, but what’s actually more interesting is the Adam and Eve pattern forming on the charts. In particular, this pattern looks very clear on the DOGE/BTC pair.
I’m wondering what exactly happens during the Adam and Eve phases by the hour. At the end of December, a sharp V-shaped bottom (Adam part) formed, followed by a more rounded base (Eve part) in January–February. Both are currently approaching a critical neckline level, which could be a potential breakout signal. The DOGE/BTC pair is trading at around 0.051395 BTC and showing a 3.6% move.
From a technician’s perspective, if the Adam and Eve pattern breaks the neckline, a structural change could occur. Right now, there is resistance around $0.0985, and this level needs to be kept in focus. The price is squeezed in this zone, meaning a breakout is the dominant expectation. As March progresses, it’s important to keep monitoring these levels because the Adam and Eve pattern often precedes major moves.