Even with the increased upside momentum seen on the shorter-term time frames of dogecoin price charts, the cryptocurrency is still stuck in consolidation to the bitcoin on the daily chart. A descending triangle formation can be seen, with price hovering at the bottom of the chart pattern. The short-term moving average (red) is treading below the long-term moving average (green), indicating that downside momentum is present.
Moving averages are widening, which means that selling […]
