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

This article discusses a potential bullish reversal pattern for Dogecoin known as a "monster falling wedge." The chart shows Dogecoin’s price moving within two converging trendlines, forming a classic wedge structure. The article also highlights conflicting sentiments among crypto analysts regarding the future price movement of Dogecoin. Some analysts believe in a potential bullish move if Dogecoin breaks above the wedge’s top boundary, while others anticipate a downward retracement before the next leg down. At the time of writing, Dogecoin is trading at $0.20635.

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