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Dogecoin Structural Signals Align: Chart Suggests A Quietly Confident Path Toward Higher Levels

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Dogecoin Structural Signals Align: Chart Suggests A Quietly Confident Path Toward Higher Levels - NewsBTC

Quick Summary:

Dogecoin Nears Falling Wedge Breakout In a recent update shared on X, Whales_Crypto_Trading pointed out that DOGE is trading at the edge of a falling wedge pattern on the daily chart, a technical formation hinting at upcoming bullish reversals.

Ascending Wedge Emerges On DOGE’s 30-Minute Chart According to a recent analysis shared by Thomas Anderson on X, Dogecoin is currently forming an ascending wedge pattern on the 30-minute chart, a technical setup often associated with potential breakout scenarios.

However, he issued a note of caution based on broader context: the 1-hour chart shows DOGE is trading near the upper boundary of the pattern.  As the price approaches the pattern’s upper boundary, the potential for rejection and a pullback grows.

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Article Details

Author / Journalist: Godspower Owie

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-01 @ 20:00:40 (1 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 412 words

Reading Time: 3 minutes read

Sentences: 70 lines

Sentence Length: 6 words per sentence (average)

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

Copyright Owner: © NewsBTC

News ID: 28313726

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 5 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 10 hours ago

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Publisher ID: #102

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