The Baby Dogecoin has dropped this week in what has been a volatile cryptocurrency market. The cryptocurrency’s price has gone down alongside Dogecoin and leading cryptos like Bitcoin and Ethereum.
Baby Dogecoin was down 3.35% at $0.000000000656 at the time of writing.
Baby Dogecoin Chart Analysis
- Baby Dogecoin seems to be trading in what most technical traders call an ‘ascending triangle pattern’.
- The $0.000000002 level has been the resistance in the recent past, and the cryptocurrency has struggled to go above this level. This level may be consistent soon. The crypto has found support in the higher low trendline in the past, and this may be the case in the near future.
- The crypto has been around for a short time and does not have a 50-day or 200-day moving average on this chart. However, as Baby Dogecoin has seen a couple of falling months, it is likely to trade below the moving average as recent sentiments have been bearish.
The Future of Baby Dogecoin
Bullish traders would like to see Baby Dogecoin move in line with the higher low trendline and up to the resistance level. If Baby Dogecoin breaks the resistance level, the cryptocurrency may have a bullish push.
