Phenomenal cryptocurrency analyst Rekt Capital shared a notable analysis that Dogecoin (DOGE) may be on the rise in a recent analysis.
A recent Twitter shared by Rekt Capital in your post, DOGE price analysis was included. In this analysis, which attracts the attention of investors, Dogecoin’s “It broke the falling wedge pattern upwards. The phenomenon stated that everything is ready for an upward movement.
In addition, stating that the mentioned falling wedge formation was successfully tested and turned into support, the analyst emphasized that the technical outlook is to DOGE’s advantage:
DOGE seems to have successfully retested the top of the falling wedge as support. Technically, DOGE is in an advantageous position for the uptrend. Now it’s all about tracking.
The analyst made a post about 2 weeks ago that he was following this formation, which was the subject of his post, and stated that he would follow the breakdown. Believing that the said breakdown will trigger a possible rise, the analyst also gave a price for the rise. According to the chart shared by the analyst, if the general market direction does not move to the downside, the first target of the DOGE price $0.141 will be.
In the last 2 weeks according to CoinGecko data 9% up-performing DOGEat the time of writing From $0.091632 is being traded.
