Dogecoin Is Sliding, But Analyst Sees 30% Upside Potential If Memecoin Breaks This Resistance

Dogecoin (CRYPTO: DOGE) pulled back on Wednesday, although an analyst highlighted a bullish technical pattern suggesting strong upside ahead.

What’s Behind The Dip?

The dog-themed memecoin slipped over 3%, with trading volume dropping 9.60% over the last 24 hours. Dogecoin’s decline was steeper compared to other large-cap coins, such as Ethereum (CRYPTO: ETH), XRP (CRYPTO: XRP) and Solana (CRYPTO: SOL).

The losses coincided with yet another delay in discussing the cryptocurrency market structure legislation, which seeks to establish a federal regulatory …

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