Crypto charts are always exciting to see. Never a dull moment 😇
Dogecoin has been in news due to Elon Musk’s acquisition of Twitter and implications of Dogecoin getting integrated with the platform. This has given a significant rise to Doge in past few days. In fact, it nearly doubled in a single day once the news of Elon buying Twitter came out.
Looking at the chart, we can see Doge has been in a long corrective zone since last 1.5 years. Last week, it broke out of the bullish wedge formation shown in the chart. As per classic TA, a conservative estimate for this upmove could be around 0.38. Doge is currently trading around 0.12 so nearly 3X possibility from current levels.
Would it happen? Who knows, but technical analysis works best when there is mass participation and cryptos are definitely getting wider adoption not just by retail but institutions, including countries.
