On Monday morning, Benzinga asked its followers on Twitter what they’re buying at the open. From the replies, Benzinga selected one ticker for technical analysis. @Maithin53351931, @aedfr3214 and @ChengDuEdison are buying Baby Dogecoin (Crypto: BABYDOGE). Unlike apex cryptocurrencies Bitcoin and Ethereum, which have been declining for months following their Nov. 10 respective $68,789.63 and $4,867.81 all-time highs, Baby Dogecoin more recently reached a new all-time high of $0.000000006341 on Jan. 17. Baby Dogecoin has shown strength in comparison to other Shiba Inu-inspired cryptos such as Dogecoin and Shiba Inu in 2022 as well. Although on Jan. 21, Baby Dogecoin finally succumbed to the bearish pressure in the crypto sector and fell from $0.000000006024 to $0.000000002800 over the course of just 48 hours. Since then, the crypto has been consolidating sideways but may be settling into a bearish pattern that the bulls will need to negate soon, or more downside could be in …
You Ask, We Analyze: Will Baby Dogecoin Be Able to Avoid Breaking Down From This Key Pattern?
January 25, 2022
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