Dogecoin (DOGE) Price: Inverse Head and Shoulders Pattern Puts $0.10 in Focus

TLDR DOGE trades near $0.0789 after sliding below the $0.0800 level on Thursday. Dogecoin spot ETFs saw outflows of about $139,000 on Wednesday and $399,000 the day before. US inflation rose to 3.7% in September, above forecasts of 3.6%. Analyst Trader Tardigrade points to an inverse head and shoulders pattern with a neckline near $0.1. Whales moved 300 million DOGE, worth about $24 million, according to DogeGod. Dogecoin (DOGE) extended its correction on Thursday and traded at $0.0789. The $0.0800 level now acts as supply and limits recovery attempts. Investors have also pulled back on risk as inflation worries persist. US inflation data added to the pressure. The Consumer Price Index showed headline inflation rose to 3.7% in September. That was above forecasts of 3.6% and August’s 3.4%.

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