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.
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.
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.
On-chain metrics also support such a parabolic rally for Dogecoin. For instance, there has been a significant increase
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