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Coinbase Global Inc. (NASDAQ: COIN) recently listed Dogecoin for purchase or sale on their website. In celebration of putting the coin on their platform, they ran a sweepstakes. If any Coinbase user bought or sold $100 of Dogecoin, they were entered into a drawing to win $300,000 in Dogecoin.
Dogecoin was down 3.12% at $0.3155 at last check. Below is a look at the crypto's technicals.
See Also: How To Buy Dogecoin
Bullish technical traders would like to see Dogecoin move upwards and break away from the head and shoulders pattern. If the stock can start forming higher lows, the bulls can take control.
Bearish technical traders would like to see the head and shoulders pattern get confirmed. For this to happen the price would need to cross below the baseline and retest it as resistance. Following a retest as resistance, the price of Dogecoin could see a strong downwards move.
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