The Dogecoin price is currently bouncing off the lower border of a Falling Wedge pattern, signaling the potential for a strong upward momentum.
If Dogecoin can break above the boundary of the Falling Wedge pattern, it could reach several new bullish targets such as $0.23, $0.287, $0.340, and a long-term target of $0.445.
Dogecoin has experienced a recent decline, but buyers stepped in near the $0.16896 support level, suggesting a potential bullish reversal.
Dogecoin whales have accumulated another 40 million DOGE tokens in the last 24 hours, indicating increasing interest in the popular meme coin.