Dogecoin Wedge Breakout Could Be “Powerful,” Analyst Says

Dogecoin is potentially following a Falling Wedge right now, and this cryptocurrency analyst thinks a breakout from it may be a “powerful” one. Dogecoin Could Be Trading Inside A Falling Wedge Pattern In a new post on X, analyst Ali Martinez has shared a Falling Wedge that Dogecoin is potentially trading inside on the weekly timeframe. A “Wedge” is a pattern from technical analysis (TA) that forms whenever the asset’s price trades between two converging trendlines. A “Triangle” consolidation channel also involves converging trendlines, but the difference from a Wedge is that it either involves one trendline that’s horizontally flat or trendlines that converge with an opposite slope source: https://www.newsbtc.com/news/dogecoin/dogecoin-wedge-breakout-could-powerful-analyst/