{"id":631118,"date":"2024-07-23T18:00:22","date_gmt":"2024-07-23T18:00:22","guid":{"rendered":"https:\/\/wncen.com\/?p=631118"},"modified":"2024-07-23T12:04:48","modified_gmt":"2024-07-23T12:04:48","slug":"dogecoin-falling-wedge-0-22","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/dogecoin\/dogecoin-falling-wedge-0-22\/","title":{"rendered":"Dogecoin Falling Wedge Pattern: Crypto Analyst Predicts Breakout To $0.22"},"content":{"rendered":"

Crypto Analyst World of Charts<\/span><\/a> has highlighted a bullish pattern that could send the Dogecoin (DOGE) price to new highs. The analyst predicted that the <\/span>foremost meme coin<\/span><\/a> could rise to $0.22 when this move occurs.\u00a0<\/span><\/p>\n

How Dogecoin Will Rise To $0.22<\/h2>\n

World of Charts mentioned in an X (formerly Twitter) <\/span>post<\/span><\/a> that Dogecoin is approaching a <\/span>falling wedge resistance<\/span><\/a>. If it breaks out, the meme coin could enjoy a 66% price move and rise to $0.22, based on the chart he shared. Interestingly, the analyst added that Dogecoin could rise sharply to $0.30.\u00a0<\/span><\/p>\n

Related Reading: Will Bitcoin Reach A New All-Time High? Crypto Analyst Reveals Why $90,000 Is Possible<\/a><\/div>\n
\"Dogecoin
Source: X<\/figcaption><\/figure>\n

Dogecoin<\/span> has already arrived at the moment of truth, seeing as it is currently trading at around the $0.13 range, which World of Charts noted the falling wedge resistance is at. The foremost meme coin looks well-equipped to break out of this resistance level, considering the current <\/span>bullish outlook<\/span><\/a> of the market.\u00a0<\/span><\/p>\n

On-chain metrics also support such a parabolic rally for Dogecoin. For instance, there has been a significant increase in large transactions, with Bitcoinist <\/span>reporting<\/span><\/a> that Dogecoin whales bought millions worth of DOGE this past week. <\/span>Data<\/span><\/a> from the market intelligence <\/span>IntoTheBlock<\/span><\/a> also shows that these whales have been busy, with almost 10 billion DOGE traded in the last 24 hours by these whales.\u00a0<\/span><\/p>\n

Further data from IntoTheBlock also shows that there has been an increase of over 800% in large holders\u2019 inflow, meaning that these whales are heavily accumulating the <\/span>foremost meme coin<\/span><\/a>. Such a wave of accumulation can send Dogecoin\u2019s price flying and cause it to possibly reach World of Chart\u2019s predicted price target of $0.30.\u00a0<\/span><\/p>\n

\"Dogecoin
Source: IntoTheBlock<\/figcaption><\/figure>\n

Meanwhile, it is also worth mentioning that most Dogecoin addresses (78%) are currently in the money, meaning they are in profits. As such, the meme coin will unlikely face significant selling pressure as it continues to move to the upside. Besides, those wallets in profit could help mitigate the impact of any selling pressure that could come from the 22% wallet addresses that could look to break even once their investment becomes profitable.\u00a0<\/span><\/p>\n

\"Dogecoin
Source: IntoTheBlock<\/figcaption><\/figure>\n

What Next For DOGE?<\/h2>\n

Crypto analyst Rekt Capital<\/span><\/a> mentioned in an <\/span>X post<\/span><\/a> that Dogecoin is retesting the Macro downtrend as new support. He claimed that a successful retest at this range would \u201cfully confirm\u201d the end of the Macro downtrend and the beginning of a new Macro uptrend. Based on the chart the analyst shared, DOGE could rise to as high as $0.4 once this new <\/span>Macro uptrend<\/span><\/a> begins.<\/span><\/p>\n

Related Reading: Don\u2019t Get Shaken Out, Analyst Says Bitcoin And Altcoins Rally Is Just Starting<\/a><\/div>\n

Crypto analyst Capt Toblerone<\/span><\/a> also recently <\/span>updated<\/span><\/a> his Dogecoin chart analysis. The analyst predicts that the meme coin could rise to almost $0.3 on its next leg up. Capt Toblerone is one of those most bullish on Dogecoin, predicting that DOGE could rise to almost $2 at the peak of <\/span>this bull run<\/span><\/a>.\u00a0<\/span><\/p>\n

\"Dogecoin
DOGE price struggles against bears | Source: DOGEUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Crypto Analyst World of Charts has highlighted a bullish pattern that could send the Dogecoin (DOGE) price to new highs. The analyst predicted that the foremost meme coin could rise to $0.22 when this move occurs.\u00a0 How Dogecoin Will Rise To $0.22 World of Charts mentioned in an X (formerly Twitter) post that Dogecoin is approaching a falling wedge resistance. If it breaks out, the meme coin could enjoy a 66% price move and rise to $0.22, based on the chart he shared. Interestingly, the analyst added that Dogecoin could rise sharply to $0.30.\u00a0 Related Reading: Will Bitcoin Reach A New All-Time High? Crypto Analyst Reveals Why $90,000 Is Possible Dogecoin has already arrived at the moment of truth, seeing as it is currently trading at around the $0.13 range, which World of Charts noted the falling wedge resistance is at. The foremost meme coin looks well-equipped to break out of this resistance level, considering the current bullish outlook of the market.\u00a0 On-chain metrics also support such a parabolic rally for Dogecoin. For instance, there has been a significant increase in large transactions, with Bitcoinist reporting that Dogecoin whales bought millions worth of DOGE this past week. Data from the market intelligence IntoTheBlock also shows that these whales have been busy, with almost 10 billion DOGE traded in the last 24 hours by these whales.\u00a0 Further data from IntoTheBlock also shows that there has been an increase of over 800% in large holders\u2019 inflow, meaning that these whales are heavily accumulating the foremost meme coin. Such a wave of accumulation can send Dogecoin\u2019s price flying and cause it to possibly reach World of Chart\u2019s predicted price target of $0.30.\u00a0 Meanwhile, it is also worth mentioning that most Dogecoin addresses (78%) are currently in the money, meaning they are in profits. As such, the meme coin will unlikely face significant selling pressure as it continues to move to the upside. Besides, those wallets in profit could help mitigate the impact of any selling pressure that could come from the 22% wallet addresses that could look to break even once their investment becomes profitable.\u00a0 What Next For DOGE? Crypto analyst Rekt Capital mentioned in an X post that Dogecoin is retesting the Macro downtrend as new support. He claimed that a successful retest at this range would \u201cfully confirm\u201d the end of the Macro downtrend and the beginning of a new Macro uptrend. Based on the chart the analyst shared, DOGE could rise to as high as $0.4 once this new Macro uptrend begins. Related Reading: Don\u2019t Get Shaken Out, Analyst Says Bitcoin And Altcoins Rally Is Just Starting Crypto analyst Capt Toblerone also recently updated his Dogecoin chart analysis. The analyst predicts that the meme coin could rise to almost $0.3 on its next leg up. Capt Toblerone is one of those most bullish on Dogecoin, predicting that DOGE could rise to almost $2 at the peak of this bull run.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":631131,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83685],"tags":[167,6664,26263,14690,1785,89174,85675,7,1803,1804,79599,79600],"class_list":["post-631118","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-doge","tag-doge-news","tag-doge-price","tag-dogecoin","tag-dogecoin-news","tag-dogecoin-price","tag-dogeusd","tag-dogeusdt"],"acf":[],"yoast_head":"\nDogecoin Falling Wedge Pattern: Crypto Analyst Predicts Breakout To $0.22<\/title>\n<meta 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Matherson","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","caption":"Scott Matherson"},"description":"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Dogecoin Falling Wedge Pattern: Crypto Analyst Predicts Breakout To $0.22","url":"http:\/\/wncen.com\/news\/dogecoin\/dogecoin-falling-wedge-0-22\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/dogecoin\/dogecoin-falling-wedge-0-22\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/Dogecoin_1e5657.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/Dogecoin_1e5657.jpeg?fit=1024%2C1024"},"articleSection":"Dogecoin","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["analyst","crypto","crypto analyst","crypto news","doge","doge news","doge price","dogecoin","dogecoin news","dogecoin price","dogeusd","dogeusdt"],"dateCreated":"2024-07-23T18:00:22Z","datePublished":"2024-07-23T18:00:22Z","dateModified":"2024-07-23T18:00:22Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Dogecoin Falling Wedge Pattern: Crypto Analyst Predicts Breakout To $0.22\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/dogecoin\\\/dogecoin-falling-wedge-0-22\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/dogecoin\\\/dogecoin-falling-wedge-0-22\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/Dogecoin_1e5657.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/Dogecoin_1e5657.jpeg?fit=1024%2C1024\"},\"articleSection\":\"Dogecoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"analyst\",\"crypto\",\"crypto analyst\",\"crypto news\",\"doge\",\"doge news\",\"doge price\",\"dogecoin\",\"dogecoin news\",\"dogecoin price\",\"dogeusd\",\"dogeusdt\"],\"dateCreated\":\"2024-07-23T18:00:22Z\",\"datePublished\":\"2024-07-23T18:00:22Z\",\"dateModified\":\"2024-07-23T18:00:22Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/Dogecoin_1e5657.jpeg?fit=1024%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/631118"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=631118"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/631118\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/631131"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=631118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=631118"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=631118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}