Analyst Predicts 90% Dogecoin Rally with Potential Breakout

Dogecoin is currently trading within a falling wedge pattern on the 12-hour chart. Analyst Clifton Fx suggests that an upside breakout could potentially lead to an 80-90% rally, moving the price into the upper $0.20 range.

The wedge is formed by two descending trendlines: resistance near $0.15 and support between $0.12 and $0.13.
A breakout above the upper trendline could trigger significant price movement.
The potential target for this breakout is between $0.27 and $0.28.
As of now, Dogecoin remains below the resistance line at approximately $0.15, with no clear breakout.

At the moment, Dogecoin is priced at $0.14988.

Dogecoin price analysis