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Dogecoin Price Forms Symmetrical Triangle, Falling Wedge Breakout Begins From Oversold Zone

  • Dogecoin's price forms a symmetrical triangle on the 4-hour chart, indicating potential for a breakout and sustained rally.
  • A falling wedge breakout on the 1-hour chart, combined with recovery from the oversold zone on RSI, suggests potential bullish reversal.
  • Confirmations such as breaking the symmetrical triangle's upper boundary and increasing trading volume are needed for a stronger bullish case.
  • At the time of writing, Dogecoin is trading at $0.1557, with a slight increase in price and a decline in trading volume.

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