Dogecoin Price Completes Falling Wedge Breakout Against Bitcoin, Can DOGE Out...

The Dogecoin price displays strong bullish signals after breaking out of a Falling Wedge formation. The breakout and a successful retest of the wedge pattern have fueled optimism of a potential price rally, with a crypto analyst forecasting a 50% jump to new highs soon.  Falling Wedge Breakout Signal Dogecoin Price Rally  Dogecoin has been […]

Yes, Elon Musk's Twitter acquisition is one of them. At least three market catalysts show that Dogecoin (DOGE) could climb by at least 50% by the end of Q3/2022.Falling wedge breakout in playDogecoin has been painting a "falling wedge" pattern on its longer-timeframe charts since May 2021, hinting at potential for a bullish reversal in the coming months.Falling Wedges appear when the price trends lower inside a range defined by two descending, converging trendlines. Their occurrence coincides with declining trade volumes, suggesting that trading activity slowed down due to the narrowing....

Dogecoin may be gearing up for its next major move as technical signals begin to turn in the bull’s favor. After a period of consolidation and downward pressure, DOGE has broken out of a falling wedge pattern, one of the most reliable bullish reversal formations in technical analysis. This breakout suggests that the meme coin could be on the verge of a potential rally, especially as momentum begins to build within a key price zone.  How The Falling Wedge And Rounded Bottom Favor Bulls In a recent post on X, a crypto analyst with the username “TitaniumXBTC” spotlighted an encouraging....

DOGE's price could swell by more than 150% on a classic bullish reversal setup known as the falling wedge. A brutal correction witnessed in the Dogecoin (DOGE) market between May 2021 and February 2022, which saw the price dropping by almost 85%, appears to have come to a halt this month.DOGE/USD rebounds 30% in two weeksDOGE experienced strong dip-buying when its price crashed to levels around $0.10 two weeks ago, resulting in a 30% rebound move to $0.14 as of March 27. Meanwhile, the coin's upside retracement originated at a support level that constitutes a "falling wedge" setup,....

Back in 2024, the Dogecoin price trended low for a significant amount of time, shattering expectations of a rally. However, with the year drawing to a close, the tides began to change and the meme coin saw its value rising. One crypto analyst that predicted the rise is World of Charts, who took to X (formerly Twitter), to share with their over 30,000 followers the formation of a falling wedge pattern and the eventual breakout that would lead to new yearly peaks. Calling The Dogecoin Price Bottom In September 2024, the Dogecoin price was still trending below $0.1 after months of....