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Dogecoin Drops 8% as Chart Patterns Signal Changes: Will Bulls Step In?

  • Dogecoin's weekly chart shows an Ascending Broadening Wedge pattern, signaling market volatility.
  • The breakout above the resistance at point E ($0.47) confirms the pattern and sets a Dogecoin price target near $3.8.
  • Dogecoin's price declined by 8.76% to $0.1887 due to an inability to hold the $0.20 level in the last 48 hours.
  • Despite the current dip, an upcoming breakout above a key resistance level could indicate potential momentum gains for Dogecoin.

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