Coin

<ul class="news-points"> 
 <li><strong>Ali observed a descending triangle pattern forming on the DOGE one-week chart.</strong></li> 
 <li><strong>The DOGE/USDT 1-Day Chart shows a falling wedge pattern could be forming.</strong></li> 
 <li><strong>DOGE’s three-digit spike and five-digit could be caused by the trader’s interests.</strong></li> 
</ul> 
<p>A crypto analyst under the pseudonym Ali observed a descending triangle pattern forming on the <a href="https://coinedition.com/tag/dogecoin-doge/" rel="noopener noreferrer nofollow">DOGE</a> one-week chart. The crypto analyst also pointed out that DOGE experienced a 23,200% surge last time a descending triangle pattern formed. Currently, Ali speculated that if DOGE closes above $0.80, then, there may be a chance that the bullish surge could happen once again.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Dogecoin</a> | The last time a descending triangle developed on the monthly chart <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$DOGE</a> pumped 23,200%! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>I'll be looking at a sustained monthly close above $0.80 for confirmation. <a href="https://t.co/RVgymwIhtK" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/RVgymwIhtK</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1683166836454555653?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 23, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
<p>Looking at the DOGE/USDT 1-Day Chart, the candlesticks could be forming a falling wedge pattern. This could be deduced by observing the lower highs and lower lows that are continuously forming over time. Moreover, the 200 SMA and the trendline could converge soon, creating a strong resistance level for DOGE.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full"> 
  <img decoding="async" width="1634" height="903" src="https://coinedition.com/wp-content/uploads/2023/07/doge-1-1.png" alt="" class="wp-image-322857" srcset="https://coinedition.com/wp-content/uploads/2023/07/doge-1-1.png 1634w, https://coinedition.com/wp-content/uploads/2023/07/doge-1-1-300x166.png 300w, https://coinedition.com/wp-content/uploads/2023/07/doge-1-1-313x173.png 313w, https://coinedition.com/wp-content/uploads/2023/07/doge-1-1-380x210.png 380w, https://coinedition.com/wp-content/uploads/2023/07/doge-1-1-768x424.png 768w, https://coinedition.com/wp-content/uploads/2023/07/doge-1-1-1536x849.png 1536w, https://coinedition.com/wp-content/uploads/2023/07/doge-1-1-696x385.png 696w, https://coinedition.com/wp-content/uploads/2023/07/doge-1-1-127x70.png 127w, https://coinedition.com/wp-content/uploads/2023/07/doge-1-1-159x89.png 159w, https://coinedition.com/wp-content/uploads/2023/07/doge-1-1-255x141.png 255w, https://coinedition.com/wp-content/uploads/2023/07/doge-1-1-795x439.png 795w, https://coinedition.com/wp-content/uploads/2023/07/doge-1-1-440x243.png 440w, https://coinedition.com/wp-content/uploads/2023/07/doge-1-1-414x229.png 414w, https://coinedition.com/wp-content/uploads/2023/07/doge-1-1-299x165.png 299w, https://coinedition.com/wp-content/uploads/2023/07/doge-1-1-377x208.png 377w, https://coinedition.com/wp-content/uploads/2023/07/doge-1-1-328x181.png 328w, https://coinedition.com/wp-content/uploads/2023/07/doge-1-1-144x81.png 144w, https://coinedition.com/wp-content/uploads/2023/07/doge-1-1-123x68.png 123w, https://coinedition.com/wp-content/uploads/2023/07/doge-1-1-129x71.png 129w" sizes="(max-width: 1634px) 100vw, 1634px"> 
  <figcaption class="wp-element-caption"> <em>DOGE/USDT …</em> 
  </figcaption> 
 </figure> 
</div> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/doge-forms-descending-triangle-will-it-observe-5-digit-spike-again/">DOGE Forms Descending Triangle, Will it Observe 5-Digit Spike Again?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

DOGE Forms Descending Triangle, Will it Observe 5-Digit Spike Again?

Coin Edition

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