Watch Dogecoin Rise 1,150% To $1.6 From Falling Wedge

The pseudonymous crypto expert Trader Tardigrade on X noted that Dogecoin is in a Falling Wedge. This Falling Wedge lasted as the price fell below $0.1 due to negative pressure.

When prices break out of Falling Wedge formations like the one on the Dogecoin chart, they become bullish. A Falling Wedge pattern breakthrough usually ends a decline and may lead to new peaks.

The researcher suggests that the Falling Wedge pattern may be ending, which might affect Dogecoin prices. According to the report, the price chart indicates early symptoms of a falling wedge breakthrough. This suggests the breakthrough is not definite, but it gives Dogecoin pricing optimism.

The Dogecoin price is breaking out of the Falling Wedge pattern and repeating prior patterns, which have lead to a new all-time high. The crypto expert said there is no reason the DOGE price won't replicate the 2017 and 2021 breakouts.

Based on the chart, the crypto researcher expects this breakthrough will impact Dogecoin. DOGE is still far from its 2021 $0.7 high, hovering slightly around $0.13. If the breakthrough is verified, this may not last long.

Trader Tardigrade expects DOGE to break out at $1.6. It would rise 1,150% from its present price, setting a new record for the meme currency.

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