DOGE’s Short-Term Rally Potential Amid Falling Wedge Breakout

Dogecoin (DOGE) has recently shown signs of a potential short-term rally after breaking out of a falling wedge pattern, a technical indicator often associated with bullish momentum. Despite a sharp decline since mid-April, analysts suggest the correction phase may be over, with the $0.15 support level now under close watch.

Dogecoin Price Targets In The Short-Term Revealed Amid Bearish Wave

Dogecoin’s price has seen a sharp decline since April 14, forming a falling wedge pattern. However, an analysis by crypto analyst KledjiCuni suggests that the correction phase may have ended, and Dogecoin could be preparing for a short rally. The meme coin recently broke out of the falling wedge, often seen as a precursor to bullish momentum.

Dogecoin’s $0.15 Support Under Scrutiny

Dogecoin’s $0.15 support level is under intense scrutiny as the coin faces sell-side pressure. In the past week, 570 million Dogecoin have been sold by whales, leading to a red Spent Output Profit Ratio (SOPR). Despite this bearish trend, Dogecoin has limited its weekly decline to 1.50%, consolidating around the $0.15 mark. This resilience suggests buy-side strength from retail or mid-tier investors, absorbing sell-side liquidity. However, it remains uncertain whether this resilience confirms a bottom or is merely a pause before further decline.

Dogecoin (DOGE) Price Prediction and New Crypto Project with 8,000% ROI Potential

Dogecoin is back in the news with analysts predicting a price surge in the NEAR future, potentially reaching $0.3983. Discussions of a “DOGE stimulus” are also gaining traction in the crypto community. Meanwhile, a new star in the crypto universe, Ruvi AI, is offering an opportunity with massive ROI forecasts of 8,000%. Ruvi AI combines decentralized technology with artificial intelligence to revolutionize digital content creation and marketing. The platform’s superapp allows users to leverage AI for tasks like generating professional content, visuals, and multimedia. Ruvi AI has achieved impressive milestones in its presale phase.