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Zenger
Zenger
Business
Melanie Schaffer

Dogecoin Consolidates Above Key Moving Average Amid Inside Bar Pattern

Dogecoin DOGE Elon Musk Crypto Twitter Inc.
A visual representations of digital cryptocurrency, Dogecoin. “Unlike most other cryptocurrencies, Dogecoin price prediction primarily relies on tweets from Elon Musk,” GOOGLE.

Dogecoin (CRYPTO: DOGE) was falling slightly during Monday’s 24-hour trading session on lower-than-average volume, consolidating above the 200-day simple moving average (SMA). 

The consolidation is taking place within an inside bar pattern on the daily chart. An inside bar pattern indicates a period of consolidation and is usually followed by a continuation move in the direction of the current trend. 

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