Dogecoin Breaks Above Falling Wedge Pattern – Analyst Sets $0.43 Target 🐶
Dogecoin has recently broken out of a long-term falling wedge pattern, suggesting the potential for significant upward price movements if confirmed. Currently trading below key levels, DOGE faces strong selling pressure while struggling to establish demand.
Top analyst Carl Runefelt forecasts a possible price target of $0.43 if the breakout remains intact. However, the broader market uncertainty, mainly led by Bitcoin's movements, cloud the prospects of sustained recovery for DOGE. A failure to hold the critical $0.20 support level could trigger further declines.
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