Dogecoin Inverted Scale Shows A Sharp Drop, But Something Is Interesting About This Chart

A monthly chart of Dogecoin shows a brutal pattern of repeated rejections and cascading drops that looks grim at first glance. 

As shown on the chart, Dogecoin couldn’t break through and got sent straight back down below the level. However, considering this is inverted, what it actually means is that Dogecoin is bouncing on a support trendline. A drop on the inverted scale would translate into a rally in DOGE’s real price.

“This drop is coming,” the analyst said. However, the drop being referenced is not a normal Dogecoin price crash. It is a drop on the inverted chart. In normal terms, that means the Dogecoin price would be rising. The chart’s projection even points to double-digit price levels if the historical drops on the inverted chart repeats itself.

Featured image from Pexels, chart from TradingView