*$DOGE Alert: Major Distribution Event Locks In*
The $DOGE /USDT weekly chart is flashing danger signs, with a confirmed Double Top breakdown signaling a steep correction toward previous lows. The major upward-sloping Support Trendline has been decisively broken, triggering a bearish breakdown.
*Technical Analysis:*
- Double Top formation indicates a key reversal pattern
- Broken Support Trendline confirms bearish breakdown
- Measured move target points to long-term historical support at $0.05311
*Fundamental Context:*
- $DOGE 's massive community and cultural backing keep narrative alive
- Speculation around utility and payments integration with major social platforms
*Strategy:*
- Short-term trading is high risk
- Hold and stack DOGE at Binance, await confirmation of durable bottom or structural reversal
- Comment the altcoin you're holding, and we'll check it for you!