June 29 (Cointime) - Dogecoin failed to follow Bitcoin's recent jump above $30k, as the technical and fundamental picture looks bearish. The US GDP was revised higher, suggesting further rate hikes from the Fed, which will likely push against fiat rivals in the cryptocurrency market.

The bearish trend for Dogecoin continues, with a descending triangle pattern indicating a potential break of horizontal support. Only a move above $0.1 will shift the bias from bearish to bullish, and until then, traders are likely to sell any bounce.