Dogecoin Price Breaks Out Of Falling Wedge Formation, Is A 50% Jump Possible From Here?

Quick Summary:

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.

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.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: Hungary

Topics: Altcoin News Fibonacci Levels Doge price Dogecoin Viprose Falling Wedge Pattern Doge Dogecoin MMBTrader Dogeusd Dogeusdt DOGE news Meme coin Dogecoin news Dogecoin price

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-21 @ 20:00:24 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 502 words

Reading Time: 3 minutes read

Sentences: 37 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 25328529

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 16 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #105

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