The post Dogecoin Price Eyes Double-Digit Surge After Breaking Out Of 2-Week Descending Wedge appeared on BitcoinEthereumNews.com.

Crypto analyst KrissPax has drawn the community’s attention to a bullish pattern that has formed for the Dogecoin price. In line with this, the analyst predicts that Dogecoin could soon record a double-digit price surge.  Dogecoin Price Eyes Double-Digit Surge In an X post, KrissPax predicted that the Dogecoin price could enjoy a double-digit surge soon enough. This came as he revealed that Dogecoin had broken out of a 2-week descending wedge. He added that after a retracement, DOGE could enjoy a bullish reversal as it rallies back up over $0.40.  Source: X This $0.40 price level is significant as the Dogecoin price formed crucial support around this range when it recorded the first phase of its bull run. As such, a rally above $0.40 could pave the way for the foremost meme coin to begin the next leg of its bull run. A run to its current all-time high (ATH) of $0.74 could be on the cards for Dogecoin, and then a rally to the much-anticipated $1 level.  In another X post, KrissPax provided further optimism that the Dogecoin price is poised for a bullish reversal. He stated that Dogecoin just finished a re-test on an upward-sloping resistance line as support and is already up 6% in 2025. He added that a continuation higher is expected. The accompanying chart showed a rally to as high as $2 was on the cards.  Source: XCrypto, Crypto news, Crypto analyst, Analyst Crypto Whales also look to be anticipating a rebound for the Dogecoin price. Bitcoinist reported that Dogecoin recorded a 41% surge in large transactions, with $23.35 billion traded in 24 hours. This surge suggests an accumulation trend among these DOGE Whales. This is also bullish for the foremost meme coin, as these investors could contribute to the price recovery.  A Major…

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Filed under: News - @ January 4, 2025 4:08 am