Dogecoin price has crashed, but a rare pattern points to a rebound

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

Dogecoin’s price continued its downward trend on Monday as the crypto and stock markets sank.

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

Dogecoin, the biggest memecoin in crypto, dropped to a low of $0.1628, its lowest point since March 12. It has fallen by over 66% from its highest level in December. DOGE crash happened as investors embraced a risk-off sentiment ahead of Donald Trump’s so-called Liberation Day, when he will impose reciprocal tariffs on most US trading partners, risking a recession.

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

Dogecoin’s lowest level this year was $0.1430, the highest swing on July 21. Most importantly, it formed a falling wedge pattern, a rare bullish reversal sign. It has already moved above the upper side of the wedge pattern. The ongoing pullback is a sign that the coin wants to form a double-bottom pattern at $0.1430, and whose neckline is at $0.2057.