Bullish signal for Dogecoin appears! Or trigger DOGE price to break through to April high!
A bullish falling wedge pattern has appeared on the chart of Dogecoin, which means it may break through the current level and retest the high in April.
Both the weekly and daily charts of Dogecoin are performing well, with green signals.
While whales still dominate the market, a key indicator has turned bearish.
According to CoinMarketCap, DOGE is one of the few cryptocurrencies that has risen by more than 2% on the weekly chart. And in the past 24 hours, the price of Dogecoin has surged by more than 5%.
As of now, DOGE is trading at $0.1096 with a market capitalization of more than $15.9 billion.
Last week, thanks to the bullish rally of memecoin, the weighted sentiment of Dogecoin remained in the positive zone for most of the time. This shows that the bullish sentiment of Dogecoin still dominates. At the same time, its social volume also remains high, reflecting its popularity in the cryptocurrency field.
While DOGE’s price has seen strong recent upside momentum, a bullish falling wedge pattern has been spotted on AMBCrypto’s chart. This pattern first appeared in April, and DOGE’s price has been consolidating within this pattern since then.
If this bullish breakout does occur, DOGE could potentially hit the April highs in the coming weeks.
