🔥 DOGE Looks Bad: Continuous Downtrend

Ever since the hype-top last year, DOGE has been in a huge bearish move. Even the Q3-Q4 bullishness in the market couldn't help DOGE.

As seen on the chart, DOGE has been following a strong bearish channel. I'd assume that this channel will hold in the coming months. Ultimately, I think that DOGE will reach the area between $0.05 - $0.03 in a couple of months.

In my view, the DOGE-cycle is over and we might see better returns in 2024. However, I doubt if we're going to see a new all-time high ever again.