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Amid the Dogecoin price fluctuations in the market, analysts have forecasted an uptrend. Queen predicts the value of the memecoin could rise to $0.20 if it breaks out of a falling wedge. Meanwhile, a new entrant is gaining the attention of new and old investors. Although Solana has been gaining traction in the DeFi market for quite some time now, a new contender called DTX Exchange (DTX) could take over this year. With over 700k users and $16.1 million raised within a short time, DTX Exchange shows potential for 10x growth in the coming months. Dogecoin (DOGE) Trades in Falling Wedge According to Coinvo, there is a falling wedge pattern on the Dogecoin price chart. The analyst confirmed that bulls are already staging a breakout, which could occur anytime soon and push the Dogecoin price up the charts. Meanwhile, a crypto enthusiast called Queen also mentioned the falling wedge pattern.  They forecast the Dogecoin price could surge to $0.18 first in the case of an upward breakout. Afterward, the next Dogecoin price target is $0.20. On the other hand, Queen argued the Dogecoin price could continue its downward movement if bulls fail to force a breakout.  At the moment, the Dogecoin price has lost all of its recent gains this week.  CoinMarketCap data reveals the Dogecoin price has plunged by 0.3% on the weekly timeframe and 33.5% on the monthly chart. The memecoin price has been consolidating between $0.16 and $0.17 in the past week. Solana (SOL) Forecasted To Soar If Key Support Holds The Solana price has been trading sideways in the past few days. Its value has been consolidating between $110 and $140 since March 10,  per CoinMarketCap. This bearish Solana price movement has left investors disappointed as many diversify to new DeFi projects. Amid the downtrend, a…

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Filed under: News - @ March 25, 2025 9:24 pm