Dogecoin's price has hit a crucial resistance level, prompting it to stall as other cryptocurrencies, such as Stellar and Ripple, experience a strong recovery. This stagnation is leading some investors to explore alternatives like Fartcoin.
Technical analysis suggests that Dogecoin might be forming a double-top pattern, indicating potential further price stagnation or decline. This pattern commonly signals a reversal of the current trend, which might explain investors' inclination to divert their attention to other altcoins.
