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 trading in a Falling Wedge pattern since November 2024, with its price gradually tightening within a descending range for some time now. A TradingView crypto analyst, Viprose, shared a chart showing a technical analysis of Dogecoin on the daily timeframe, highlighting key price patterns and predicting a 50% price increase to new bullish targets for the meme coin.
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Viprose disclosed that DOGE recently broke out of the Falling Wedge and
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