Dogecoin Displays A Falling Wedge Pattern; Here’s What It Means

Dogecoin was struggling beneath its immediate resistance mark over the past 72 hours. The meme coin was seen consolidating on its charts. In the last 24 hours, Dogecoin barely displayed any price action. Bitcoin was seen trading above the $40,000 mark finally which displayed signs of strength, altcoins were yet to follow the same price action. The current price movement of Doge has managed to invalidate its recent rally. If the coin manages to break past the $0.151 mark, the coin can begin to rally again providing respite to traders. Currently, Dogecoin has been moving between the price levels of $0.130 and $0.150 respectively. The global cryptocurrency market capitalisation was at $1.93 Trillion with an increase of 2.2% over the last 24 hours. Dogecoin Price Analysis: One-Week Chart Dogecoin was almost 90% down from its all-time high of $0.737 to its all-time high low of $0.109 this year. Despite this, DOGE flashes bullish price sentiments on its charts. The price correction of the meme-coin has formed a falling wedge pattern. The aforementioned pattern is considered a bullish pattern, which occurs after a bearish price action. During a falling wedge, the asset is seen consolidating right before it breaks off from the upper trend line. The price of Dogecoin is seen at the absolute end of the upper trendline, this could mean that the meme coin would finally flash signs of recovery. Immediate resistance for the coin stood at $0...