DOGE Price Analysis: DOGE Revives 70% as Crypto Market Continues to Struggle

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Doge has had a wild ride in April rising over 400%. The bullish rally has been halted as the cryptocurrency market continues its sell off. DOGE peaked at nearly $0.45 and sold off 65% at its low. The hype and euphoria surrounding doge only lasted so long. DOGE ended up flopping nearly 25% on anticipated 4/20 “Doge Day”.

The price of Doge has been forming a falling wedge the past few days. This pattern is technically bullish and the buy would be activated on breakout of top trend. Major support to hold is $0.262, If the price can continue to respect this level, DOGE may have a try at its major resistance level of $0.318. The price action shows DOGE may be in for another fall as the falling wedge pattern usually has a minimum of 2 rejections on each trend.source