$DOGE Dogecoin fell from $0.14 to $0.13 after two bearish Ichimoku signals appeared on the 4-hour chart, signaling renewed downside pressure and weakening market structure.
๐ Dogecoin (DOGE) saw a sharp drop after two consecutive bearish Ichimoku indicators flashed on the 4-hour chart. The setup included a price-to-Kijun-sen bearish cross and a bearish Kumo signal, both aligning to push momentum downward. DOGE slid from the mid-$0.14 range toward $0.13 following these technical triggers.
๐ The first signal hit when DOGE broke below the Kumo cloud, marking a shift into bearish territory. Price then crossed beneath the Kijun-sen, confirming the downside setup. Both signals appeared within a tight window, and candles extended lower afterward, showing continued weakness as long as these conditions remain intact.
๐ During the decline, DOGE couldn't hold structure near its previous consolidation zone. Attempts to stabilize above the cloud failed, and the dual Ichimoku alignment accelerated the selloff. The breakdown through multiple technical levels highlighted clear deterioration in market structure.
๐ Simultaneous bearish Ichimoku signals often shift short-term sentiment, especially during volatile periods. When price falls through multiple Ichimoku levels at once, traders typically reassess trend conditions. The combination of a weakened cloud and a firm Kijun-sen rejection suggests DOGE may face continued downside pressure unless a stable support level emerges.
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