BABYDOGE coin price action maintains a falling trend within the bearish wedge pattern in the daily chart. Will the buyers get active any time soon?

Key technical points:
<ul>
 	<li style="font-weight: 400">BABYDOGE coin price crawls at the descending support trendline.</li>
 	<li style="font-weight: 400">In addition, the price action shows a falling wedge pattern.</li>
 	<li style="font-weight: 400">Finally, the 24-hour trading volume of BabyDoge Coin is $4 Million, marking a 6.17% fall. </li>
</ul>
<h2>Past Performance of BABYDOGE</h2>
The BABYDOGE coin price shows growth in downtrend momentum within the falling wedge pattern. The rally breaks below the 50 and 100-day EMA but finds support at the descending support trendline. The downfall increases the possibility of wedge fallout. 

 <img src="https://s3.tradingview.com/snapshots/b/BIaGedr6.png" alt="TradingView Chart" />

Source-<a href="https://www.tradingview.com/x/BIaGedr6/">Tradingview</a>
<h2>BABYDOGE Technical Analysis </h2>
BABYDOGE coin price shows a rise in the underlying bearishness as the trend fails to showcase a bullish revolt from the support trendline. Hence, traders can expect a selling opportunity with the trendline fallout.

The crucial EMAs (50, 100, and 200) project a bullish alignment, but the falling 50-day EMA might shortly give a bearish crossover with the 100-day EMA. Moreover, the prices sustain above the 200-day EMA, reflecting a trend reversal's underlying opportunities. 

Vortex Indicator: The VI lines showcase a bearish alignment in the daily chart and continue to move sideways. Hence, the indicator reflects no signs of a bullish reversal. 

MACD Indicator: The MACD and signal lines struggle to maintain the bullish alignment in the daily chart. However, the lines reinforce the uptrend and project a possible crossing over the zero line. 

In a nutshell, the BABYDOGE technical analysis reflects a bearish image with the possibility of a trendline breakout.
<h2>Upcoming Trend </h2>
If the bears surpass the descending support trendline, the BABYDOGE coin price will reach the 200-day EMA close to the $0.00000000245 mark. However, closing below the trendline mark is a must as a price action verification to bypass a fake breakout trap. 

Conversely, closing above the $0.000000002850 will nullify the bearish thesis and result in a price jump to the 100-day EMA at $0.0000000030.

Support Levels: $0.00000000255 and $0.00000000245 

Resistance Levels: $0.000000002850 and $0.0000000030

BABYDOGE Technical Analysis: Downtrend Grows Within Wedge Pattern 

BABYDOGE coin price action maintains a falling trend within the bearish wedge pattern in the daily chart. Will the buyers get active any time soon?

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

BABYDOGE Technical Analysis: Downtrend Grows Within Wedge Pattern

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