Dogecoin’s weekly chart shows an Ascending Broadening Wedge pattern, marking market volatility.
A breakout above the resistance at point E ($0.47) confirms the pattern and sets a Dogecoin price target near $3.8.
Dogecoin has reported a downward trend in the last 48 hours after the cryptocurrency was unable to hold the $0.20 level. However, an observation on the DOGE weekly chart indicates that the asset has formed an Ascending Broadening Wedge pattern, defined by six key pivot points labeled A through F, illustrating an expanding price range with higher highs and higher lows.
Dogecoin Current Price Action Revealed
Tracking the ongoing market movement, CoinMarketCap data indicates that DOGE opened its market with a price value of $0.1997, which has continued to dip to the current market levels. As of press time, Dogecoin’s price declined by 8.76%, settling at $0.1887, while its market capitalization decreased to $28.2 billion.
The 24-hour trading volume rose by 23
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