I just noticed that Dogecoin is dropping again today, now at $0.10 with a 0.71% decrease in 24 hours. But what's interesting isn't just the price action, but the formation that's developing on the DOGE/BTC chart. There's an Adam and Eve pattern forming on the daily timeframe, and it's approaching a crucial neckline level. So basically, the Adam structure starts from a sharp bottom at the end of December, followed by the Eve which has a more rounded shape throughout January and February. Now the price is consolidating below this neckline, and traders seem to be watching this level seriously. The DOGE/BTC pair is trading around 0.051395 BTC with a movement of 3.6 percent. The nearest support is at $0.08857 while resistance is at $0.0985, so the range is quite tight. In my opinion, a neckline breakout could be an important signal for the ongoing Adam and Eve structure. If it breaks through, there could be a significant reversal, but we'll see how the momentum develops next week.

DOGE-1.24%
BTC-1.62%
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