Renowned analyst DonAlt has recently characterized Dogecoin’s price chart as "destructive," highlighting its adverse impact on traders’ financial positions. This month, Dogecoin has experienced sideways movement, leading to significant disruption for those anticipating prominent price fluctuations.
Traders, particularly those hoping to benefit from a rally towards $1, face a string of liquidated leveraged positions, as the expected surge has not occurred. The ongoing trend has left many in a state of uncertainty, unsure if Dogecoin will break the resistance at $0.48, which remains a critical threshold for future movements.
