Dogecoin Forms ‘Monster Falling Wedge’ Pattern: What It Means 📈
In a recent post, crypto analyst Satoshi Flipper highlighted a 'monster falling wedge' pattern for Dogecoin on Binance, indicating a potential bullish reversal. The pattern involves descending trendlines and is often seen by traders as a sign of a potential price increase once resistance is broken.
The chart suggests Dogecoin, trading between $0.21 and $0.22, may rise to $0.50 by late April if it breaks the wedge's top boundary. However, sentiment among analysts varies, with some projecting further declines.
Carlos Garcia Tapia warns of a potential retracement, while Suzzy DeFi is optimistic after spotting a bullish signal from the $0.19 - $0.20 support zone. At present, Dogecoin is priced at $0.20635.
Source: www.newsbtc.com ↗
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