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Dogecoin Breakout Expected Within The Next 7 Days: Analyst

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Dogecoin Breakout Expected Within The Next 7 Days: Analyst - NewsBTC

Quick Summary:

Price action stretching from last October’s vertical rally to the present has carved a broad descending trend line that caps every major swing-high: first the December spike just above $0.48, then a second, lower reaction high in mid-January around $0.43 and a third touch 10 days ago at roughly $0.26.

Falling Wedge Breakout Hints At A Rally If the trend-line gives way, the next test would be a grey "Supply Zone” boxed between $0.42 and $0.43, an area that coincides with the January distribution range and the second anchor point of the descending trend-line.

The analyst marks the 8 May daily candle with a red circle labelled "Breakout,” signalling that the minimum technical requirement for pattern confirmation has already been met.

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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-20 @ 16:30:34 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 442 words

Reading Time: 3 minutes read

Sentences: 69 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 28879251

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About NewsBTC

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 5 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 9 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

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  • URL: https://articulation360.beamstart.com/news/dogecoin-breakout-expected-within-the-174776028495

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