The analyst, who has nearly 334,000 followers on Twitter and is known by the alias Rekt Capital, made a price prediction by sharing a Doge/USD chart. Accordingly, the price of the most popular meme coin may rise. DOGE, on the other hand, has once again become important to the biggest whales on Binance Smart Chain, at least in the last 24 hours. Details are here.
Meme Coin Trying to Exit This Pattern
The analyst stated that the original meme coin is currently moving within the Falling Edge pattern, testing the top of this pattern and trying to break it. A descending wedge pattern is a continuation pattern that occurs after a significant upward price move. When a descending wedge pattern appears, the price of an asset usually goes up. The opposite is usually an ascending wedge formation that pushes the price of an asset down. The analyst told:
“DOGE is currently testing the top of the Falling Wedge and trying to challenge it for a breakout.”
DOGE becomes one of the most bought coins
According to leading on-chain data provider WhaleStats, Dogecoin has once again been in the top 10 of the most purchased cryptocurrencies in terms of the top 100 wallets on Binance Smart Chain in the past 24 hours. In this way, Balians’ interest in meme coin did not go unnoticed.
NEWS CONTINUES BELOW
Check the top 100 whales here: https://t.co/0SYnjw0xQs
— WhaleStats – the top 1000 BSC richlist (@WhaleStatsBSC) January 23, 2023
You can follow the current price action here.