Dogecoin is currently the largest altcoin in terms of market value in its field, but recently it has seen a decrease in Elon Musk’s interest. The meme coin king, who gained popularity during Twitter’s sales process, has faced excessive selling due to the postponement of payment integration. Now, investors are focusing on technical analysis as they do not feel the support of the mischievous billionaire as much as they used to. Dogecoin (DOGE) Chart Analysis In the midst of the recent recovery in the crypto market, the Dogecoin price has managed to challenge the upper resistance trend line of the wedge formation. Theoretically, this formation is a continuation pattern of a downtrend that offers a resting period for sellers to regain strength. As long as the two trend lines of this formation remain intact, it is likely that the asset price will bounce between them and extend a minor recovery. […]
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