Dogecoin Price Drops 5% as Lower-Lows Pattern Signals Bearish Trend | DOGE Analysis

Dogecoin (DOGE) experienced a 5% price decline as the cryptocurrency formed a lower-lows pattern, reinforcing bearish market sentiment. This technical formation indicates continued selling pressure and suggests potential further downside for the meme-inspired digital asset. Traders are monitoring key support levels as the pattern develops, with many adopting cautious positions amid the prevailing negative outlook for DOGE's short-term price movement.