DOGE price analysis hints at 30% drop despite Elon Musk’s Twitter bid By Cointelegraph

The brief Dogecoin (DOGE) price rally last week following Tesla (NASDAQ:) CEO Elon Musk’s bid to buy Twitter (NYSE:) appears to be fizzling out as DOGE closes the week over 8%.

DOGE’s price dropped to $0.142 on April 17, three days after peaking out locally at $0.149. The Dogecoin correction, albeit modest, raised its potential to trigger a classic bearish reversal pattern with an 85% success rate of reaching its downside target.