Crypto analyst Satoshi Flipper (@SatoshiFlipper) shared a chart of DOGE/USDT on Binance, highlighting a 'monster falling wedge' pattern.
A 'falling wedge' is viewed as a potential bullish reversal pattern, and if Dogecoin breaks above the wedge's top boundary, it may see a bullish move to the $0.50 region by late-April.
Some analysts, like Carlos Garcia Tapia (@CAGThe3rd), caution a potential retracement before a downward move, while others, like Suzzy | DeFi (@SuzzyDefi), are optimistic, looking at a strong support wick and expecting a move towards $0.25+.
At the time of writing, DOGE is trading at $0.20635.