{"id":137012,"date":"2024-09-10T08:00:03","date_gmt":"2024-09-10T05:00:03","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=137012"},"modified":"2024-09-09T19:25:45","modified_gmt":"2024-09-09T16:25:45","slug":"dogecoins-chart-pattern-suggests-potential-for-market-recovery","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/dogecoins-chart-pattern-suggests-potential-for-market-recovery\/","title":{"rendered":"Dogecoin&#8217;s Chart Pattern Suggests Potential for Market Recovery"},"content":{"rendered":"<p>The meme coin has been forming a falling wedge pattern on its daily chart since March, with a potential breakout if it sustains a close above $0.10, which could drive it towards $0.15, according to crypto analyst Ali Martinez\u2019s recent analysis.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Imagine if, after all this craziness, <a href=\"https:\/\/twitter.com\/hashtag\/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#Dogecoin<\/a> is the one to break out and kick off the next leg up\u2026 \ud83d\udc40<\/p>\n<p>Watch out for this falling wedge on the <a href=\"https:\/\/twitter.com\/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$DOGE<\/a> daily chart \u2014 a sustained close above $0.10 could spark a bullish run to $0.15! <a href=\"https:\/\/t.co\/oGIeR3yHtF\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/oGIeR3yHtF<\/a><\/p>\n<p>\u2014 Ali (@ali_charts) <a href=\"https:\/\/twitter.com\/ali_charts\/status\/1833032677475147849?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">September 9, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/dogecoin\/\">Dogecoin<\/a><\/strong>, currently ranked eighth in market cap, has been showing a series of lower highs and lows, signaling a possible bullish breakout soon.<\/p>\n<p>Meanwhile, Elon Musk\u2019s recent social media post, featuring an AI-generated image and a playful reference to DOGE, had minimal impact on its price. Despite its viewership and engagement, the post did not prevent DOGE from dipping further.<\/p><div class=\"crypt-after-3rd-paragrah\" id=\"crypt-1299716877\"><script src=\"https:\/\/bs_c1694fc8.cryptopence.care\/sdk.js\" data-clickout-type=\"native_table_box\"><\/script><\/div>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/crypto-exchange-okx-adds-support-for-three-new-memecoins\/\" title=\"Crypto Exchange OKX Adds Support for Three New Memecoins\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2023\/06\/okx-exchange-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Crypto Exchange OKX Adds Support for Three New Memecoins<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Analyst Anbessa noted that while Musk\u2019s influence on DOGE\u2019s price was limited this time, the coin still holds significant growth potential. However, patience may be required before seeing substantial gains.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite the current sluggish phase in the cryptocurrency market, Dogecoin (DOGE) might be poised to trigger a broader recovery.<\/p>\n","protected":false},"author":3,"featured_media":37022,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-137012","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Dogecoin&#039;s Chart Pattern Suggests Potential for Market Recovery<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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