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Dogecoin Price Stages Bounce From Lower Border Of Second Falling Wedge, New Targets Unlocked?

  • 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.

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