Dogecoin Tumbles 2% Today – Is This the Start of a Bearish Frenzy for DOGE?

The 22% decline in Dogecoin DOGE2.54%-> in the past 30 days has seen it test the lower boundary of a symmetrical triangle pattern. As of June 18, the Dogecoin price is trading at $0.1699.

However, a look at some of the indicators shows that these memecoins are at risk of falling below the lower boundary of the channel. If this is proven, DOGE could enter into bear market territory.

But will this happen or not? Let’s find out.