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, with DOGE closing the week over 8% higher.

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