Dogecoin: Three Drives Pattern Spotted on Daily Chart

Dogecoin could be tracing a Three Drives Pattern on the daily chart, a structure that often marks the final stages of a downtrend according to @TATrader_Alan.

Price sits at $0.08 with both EMA50 and EMA200 aligned at the same level, creating a clear confluence zone while the MACD death cross keeps the broader 4-hour structure bearish. The RSI at 40.36 remains neutral and the pair trades inside the Bollinger Bands, so any push toward the upper band at $0.08 faces immediate resistance before a potential retracement to the $0.07 lower band support.