Dogecoin Price Forecast: DOGE eyes breakout as falling wedge and bullish on-chain signals align.
Dogecoin price trades within a falling wedge pattern on Tuesday, a breakout signals a rally ahead.
On-chain and derivatives data indicate improving sentiment, with large whale orders, positive funding rates, and rising bullish bets.
The technical outlook favors an upside move as momentum indicators show fading bearish pressure.
Suppose DOGE breaks above the falling wedge pattern, which favours a bullish move. It could extend the rally toward the daily resistance at $0.14. A successful close above this could extend additional gains toward the 38.20% Fibonacci retracement level at $0.16.
On the other hand, if DOGE faces a correction, it could extend the decline toward the weekly support at $0.11. #TrendingTopic #TrendingPredictions #DOGE #DOGE原型柴犬KABOSU去世 #DOGE冲冲冲 $BTC
