Dogecoin Prepares To Explode — Analysts Say Watch This Price 🚀
Over the past four days, Dogecoin's price has surged over 17%, approaching a bullish breakout according to analysts Rekt Capital and Henry. Both point to a significant technical setup on Dogecoin's price chart, indicating potential for a major breakout.
Rekt Capital stresses the importance of Dogecoin closing above the $0.22 level on a weekly basis, a crucial threshold he describes as a zone of pre-halving highs. A stable price above this line could reignite buyer confidence and set up a journey towards higher resistance zones at $0.28 and $0.338.
Henry highlights a multi-month falling wedge pattern, which resembles similar structures that led to price surges before. This pattern could hint at another steep rise for Dogecoin, drawing parallels with past rallies where significant gains followed similar formations.
Source: www.newsbtc.com ↗
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