Dogecoin broke up bullishly on Sunday from a descending triangle pattern Benzinga called out two days prior. The crypto then soared almost 12 percent higher with momentum on Monday but rejected and wicked from a resistance level near the $0.298 mark. Dogecoin Core, the official wallet many traders, investors, and third-party wallets use to manage selling and buying Dogecoin, released its 1.14.5 update on Monday. The minor version release includes security updates and a reduction to the recommended fees. The latest update decreases the transaction fee by almost 10 times, from 1 DOGE/kb to a recommended minimum of 0.1 DOGE/kb. Lowering fees gives Dogecoin more utility because it can more easily be accepted as a payment option. The Dogecoin Chart: On Tuesday, Dogecoin was settling into an inside bar pattern on the daily chart, with the entirety of the 24-hour hour price range taking place within Monday’s range. The formation …
Why Dogecoin Looks Ready to Roam Free From This Bullish Pattern: A Technical Analysis
November 10, 2021
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