Dogecoin Falling Wedge Pattern: Crypto Analyst Predicts Breakout To $0.22

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Dogecoin Falling Wedge Pattern: Crypto Analyst Predicts Breakout To $0.22 - NewsBTC

Quick Summary:

The analyst predicted that the foremost meme coin could rise to $0.22 when this move occurs. How Dogecoin Will Rise To $0.22 World of Charts mentioned in an X (formerly Twitter) post that Dogecoin is approaching a falling wedge resistance.

Data from the market intelligence IntoTheBlock also shows that these whales have been busy, with almost 10 billion DOGE traded in the last 24 hours by these whales. Further data from IntoTheBlock also shows that there has been an increase of over 800% in large holders’ inflow, meaning that these whales are heavily accumulating the foremost meme coin.

The foremost meme coin looks well-equipped to break out of this resistance level, considering the current bullish outlook of the market. On-chain metrics also support such a parabolic rally for Dogecoin.