Dogecoin Breaks Out of Wedge Pattern: Is a 44% Upside Target?
Release: 2024/07/26 15:25 Reading: 950
Dogecoin (DOGE) Breaks Out of Descending Wedge Pattern
Dogecoin (DOGE) has broken out of a descending wedge pattern, signaling a potential 44% upside. Analysts note DOGE's current price at $0.13181, with key support at the 0.618 Fibonacci level.
DOGE's market capitalization is valued at $17.95B, with a 24-hour trading volume of $952.4M.
The breakout from the descending wedge pattern indicates a potential bullish reversal for DOGE. This pattern is characterized by converging trend lines, with the upper trend line descending more steeply than the lower trend line. The breakout above the upper trend line suggests a possible upward move.
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