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Dogecoin (DOGE) Price: Technical Patterns Suggest Potential 16% Upswing

  • Dogecoin (DOGE) is showing signs of a potential breakout from a symmetrical triangle pattern, with analysts predicting a possible 16% price increase.
  • DOGE is currently trading around $0.17 and is close to overtaking Cardano's market cap.
  • Technical analysis indicates that DOGE has broken above a falling wedge formation, considered a bullish reversal signal.
  • DOGE is facing short-term pressure, with support at $0.143 and resistance at $0.176, but increased social engagement and accumulation suggest growing investor confidence.

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