Dogecoin

<ul><li>Dogecoin (DOGE) broke out of a descending wedge pattern, indicating a potential 44% upside.</li><li>Analysts note Dogecoin&#39;s current price at $0.13181, with key support at the 0.618 Fibonacci level.</li><li>Dogecoin&#39;s market cap is valued at $17.95B, with a 24-hour trading volume of $952.4M.</li></ul>Dogecoin (DOGE) has recently made a significant move by breaking out of a descending wedge pattern, suggesting a potential bullish reversal. This breakout has caught the attention of traders and analysts, including Ali Martinez, who <a href="https://x.com/ali_charts/status/1816182560831009113" rel="noopener noreferrer nofollow">highlighted</a> the pattern on X. The breakout indicates a possible upside target of 44%, providing a fresh perspective on DOGE&#39;s price action.<img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdV5osSVNXWnVqA0ttIlxeke_bNJC6qXvwTzI4C8KXU5Um8BNnND5iMenBq2rWaeMfscp8wpfvY5P5--7HMhwDYSbH2IkhbWptycqhInS8rAzaEenIXwYQuwjeabAyENq5-4wQfoAL0GO5EkAd1uGbx6oQ?key&#61;-diBu1acVxOYHgFYVFbQig" />The descending wedge pattern on <a href="https://cryptotale.org/pepe-and-dogecoins-bullish-patterns-signal-potential-major-gains-ahead/" rel="noopener noreferrer nofollow">Dogecoin&#39;s</a> chart is characterized by converging trend lines, with the upper trend line descending at a steeper angle compared to the lower trend line. This pattern is generally considered a bullish reversal signal. The breakout above the upper trend line of the wedge suggests a potential upward move.<a href="https://cryptotale.org/dogecoin-breaks-out-of-wedge-pattern-is-a-44-upside-target/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Dogecoin Breaks Out of Wedge Pattern: Is a 44% Upside Target?

CryptoTale

Další články publikované 26. 7. 2024

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