{"id":8949,"date":"2025-01-21T20:02:32","date_gmt":"2025-01-21T20:02:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=8949"},"modified":"2025-01-21T20:02:32","modified_gmt":"2025-01-21T20:02:32","slug":"dogecoin-price-breaks-out-of-falling-wedge-formation-is-a-50-jump-possible-from-here","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=8949","title":{"rendered":"Dogecoin Price Breaks Out Of Falling Wedge Formation, Is A 50% Jump Possible From Here?"},"content":{"rendered":"
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The Dogecoin price displays strong bullish signals<\/a> after breaking out of a Falling Wedge formation. The breakout and a successful retest of the wedge pattern have fueled optimism of a potential price rally, with a crypto analyst forecasting a 50% jump to new highs soon.\u00a0<\/p>\n

Falling Wedge Breakout Signal Dogecoin Price Rally\u00a0<\/h2>\n

Dogecoin has been trading in a Falling Wedge pattern<\/a> since November 2024, with its price gradually tightening within a descending range for some time now. A TradingView crypto analyst, Viprose, shared<\/a> a chart showing a technical analysis of Dogecoin on the daily timeframe, highlighting key price patterns and predicting a 50% price increase to new bullish targets for the meme coin.<\/p>\n

Viprose disclosed that DOGE recently broke out of the Falling Wedge<\/a> and successfully retested its upper boundary, confirming its bullish position. Due to the recent development, the analyst believes the meme coin targets a new breakout through the key resistance zone<\/a> at the 0.618 Fibonacci level, corresponding with the $0.37 price point.<\/p>\n

A Falling Wedge is considered a bullish technical analysis chart pattern that indicates a potential trend reversal<\/a>. This pattern forms when a cryptocurrency\u2019s price falls while the range of its movement tightens.\u00a0<\/p>\n

\"Dogecoin\"<\/p>\n

Viprose has expressed confidence that Dogecoin\u2019s breakout and retest of this Falling Wedge could push its price to three new bullish targets<\/a>. The TradingView analyst shared several Fibonacci levels, which would act as key resistance areas before a potential surge to the projected price targets.<\/p>\n

Notably, the Fibonacci levels at 0.618, 0.5, 0.382, 0.236, and 0 have been highlighted on the Dogecoin chart<\/a>, underscoring key resistance levels the meme coin must overcome to hit its first bullish target of $0.48656. For DOGE to reach this price, it must increase by almost 50% of its current market value.\u00a0<\/p>\n

The analyst has also set Dogecoin\u2019s next price target<\/a> at $0.57395, indicating that a continued bullish momentum could drive the meme coin to this price high if it successfully pushes past $0.48. This optimistic prediction suggests that Dogecoin\u2019s price will need to rise by approximately 72%.\u00a0<\/p>\n

The third and last target projected by the TradingView analyst is $0.66554. If Dogecoin achieves this price, it would represent a gain of about 100% from its current market price. Interestingly, Viprose\u2019s forecast for DOGE aligns with key resistance zones should the meme coin aim for a new all-time high<\/a>. Currently, the altcoin is down more than 50% from its ATH price of $0.73, achieved during the previous bull run in 2021.\u00a0<\/p>\n

Analyst Says Dogecoin Price Will Decline First<\/h2>\n

While Viprose is optimistic about a Dogecoin price surge to these three targets\u2014$0.48, $0.57, and $0.66\u2014another prominent TradingView analyst, \u2018MMBTrader,\u2019 has shared a more bearish outlook for the meme coin<\/a>.<\/p>\n

MMBTrader acknowledged<\/a> that the aforementioned projected price levels were \u201cgood targets\u201d for Dogecoin. However, the analyst believes the meme coin will undergo a significant price correction <\/a>before embarking on its next bullish rally. At the time of writing, the DOGE price is trading at $0.33, marking a notable decline of 9.4% in the last 24 hours.\u00a0<\/p>\n

\"Dogecoin\"<\/div>\n","protected":false},"excerpt":{"rendered":"

The Dogecoin price displays strong bullish signals after breaking out of a Falling Wedge formation. The breakout and a successful retest of the wedge pattern have fueled optimism of a potential price rally, with a crypto analyst forecasting a 50% jump to new highs soon.\u00a0 Falling Wedge Breakout Signal Dogecoin Price Rally\u00a0 Dogecoin has been […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-8949","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/8949","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8949"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/8949\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}