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3 reasons why Dogecoin price can now gain 50% by September

Yes, Elon Musk’s Twitter acquisition is one of them.
At least three market catalysts show that Dogecoin (DOGE) could climb by at least 50% by the end of Q3/2022.Falling wedge breakout in playDogecoin has been painting a “falling wedge” pattern on its longer-timeframe charts since May 2021, hinting at potential for a bullish reversal in the coming months.Falling Wedges appear when the price trends lower inside a range defined by two descending, converging trendlines. Their occurrence coincides with declining trade volumes, suggesting that trading activity slowed down due to the narrowing price range.A break of the wedge to the upside, coupled with a rise in trading volumes, suggests the asset is  breaking out. As a rule of technical analysis, a falling wedge breakout can push the price upward by as much as the maximum distance between the structure’s upper and lower trendline.Applying the classic theory to Dogecoin suggests

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We współpracy z: https://cointelegraph.com/news/3-reasons-why-dogecoin-price-can-now-gain-50-by-september

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