Dogecoin Forms ‘Monster Falling Wedge’ Pattern: What It Means

Q: How long will it take to read this news story?

The story "Dogecoin Forms ‘Monster Falling Wedge’ Pattern: What It Means" has 400 words across 63 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Dogecoin Forms ‘Monster Falling Wedge’ Pattern: What It Means" was covered 10 hours ago by NewsBTC, a news publisher based in United Kingdom.

Q: How trustworthy is 'NewsBTC' news outlet?

NewsBTC is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news. The outlet is headquartered in United Kingdom and publishes an average of 9 news stories per day. It's most recent story was published 11 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #26470067</li><li>URL: https://beamstart.com/news/dogecoin-forms-monster-falling-wedge-1740629746866</li></ul>

NewsBTC Logo NewsBTC 10h ago

Dogecoin Forms ‘Monster Falling Wedge’ Pattern: What It Means - NewsBTC

Quick Summary:

In a post on X today, crypto analyst Satoshi Flipper (@SatoshiFlipper) shared a daily chart of DOGE/USDT on Binance that highlights what he calls a "monster falling wedge.” The chart shows Dogecoin’s price moving within two converging trendlines—one descending from the coin’s recent swing highs, and the other descending at a shallower angle from its short‐term lows, forming a classic wedge structure.

"This contrasts with the more optimistic stance from Suzzy | DeFi (@SuzzyDefi), who highlighted a strong wick off the $0.19–$0.20 support zone: Related Reading: Dogecoin Warning: One Level Could Trigger A Surge, Says Analyst "Took a glance at DOGE, and I just spotted a strong wick off the $0.19 – $0.20 support, giving me serious bullish vibes!

Related Reading: If Dogecoin Falls Below This Level, A Freefall To $0.06 Is Possible: Analyst In the chart Satoshi Flipper shared, a dashed arrow projects a possible bullish move if Dogecoin can decisively break above the wedge’s top boundary.