CandleFocus Based On Historical Pattern: Dogecoin Is On Track For Over 400% Rally, Analyst Reveals
2024-10-19
Author: Content Editor
Dogecoin (DOGE) is experiencing a consistent increase in value, leading crypto analyst Javon Marks to believe that the memecoin could be on the verge of a major rally. Marks suggests that Dogecoin may see a 431% price increase and potentially reclaim its all-time high of $0.73905. Marks points to a historical pattern known as the "falling wedge" and a recent breakout as indicators of a significant surge in DOGE's price. Additionally, other analysts, including Trader Tardigrade, have noted a shift in Dogecoin's market structure from a downtrend to an uptrend, further supporting the potential for a bullish trend. Dogecoin has shown gains of 23% in the past week and is trading at $0.1333 at the time of writing.
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