Dogecoin (DOGE) price coils up inside a falling wedge pattern and is close to breaking out. A successful move out of this setup could trigger a volati
Dogecoin price has set up a falling wedge pattern on the weekly time frame. A breakout from this technical formation forecasts a 40% rally to $0.0952. A weekly candlestick close below the $0.0593 support level will invalidate the bullish thesis for DOGE. le move to the upside for DOGE holders. But a move back into the wedge formation could put breakout traders in a tough spot.
0952, which is obtained by measuring the distance between the first swing high and swing low to the potential breakout point of $0.0688. The Relative Strength Index , which hovers just above 50, is at a make-or-break point. A higher push in Dogecoin price will allow DOGE to flip the mean level, adding a tailwind to the partially bullish outlook. In such a case, Dogecoin price could rally 18% and tag the $0.0816 resistance level.
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