Dogecoin Price Prediction for Feb. 25: Falling Wedge, Rising Hopes?
- Dogecoin network activity has hit its lowest since October 2024, with only 66 whale transactions daily.
- DOGE’s fourth falling wedge pattern hints at a breakout, similar to past surges of 88%, 208%, and 445%.
- A breakout above $0.08 could trigger a sharp rally, while a drop below $0.055 may signal further downside.
Dogecoin’s network activity has hit a multi-month low, as the meme coin struggles to find bullish steam. On-chain data paints a picture of shrinking interest: DOGE whale transactions have cratered to just 66 per day, while active addresses have slumped below 60,000—a level not seen since October 2024.
— CryptoBull_360 (@CryptoBull_360) February 24, 2025
#DOGE network activity has dropped to its lowest level since October 2024, with just 66 whale transactions and fewer than 60,000 active addresses per day. pic.twitter.com/il4OR9Pe90
Falling Wedge Pattern: Dogecoin’s Potential Lifeline?
Despite the downbeat data, traders are still holding onto hope, as chart patterns suggest a potential breakout.
Technical analysts are pointing to DOGE’s current formation of a fourth falling wedge—a pattern that has historically come before major ra…
The post Dogecoin Price Prediction for Feb. 25: Falling Wedge, Rising Hopes? appeared first on Coin Edition.
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Dogecoin Price Prediction for Feb. 25: Falling Wedge, Rising Hopes?
- Dogecoin network activity has hit its lowest since October 2024, with only 66 whale transactions daily.
- DOGE’s fourth falling wedge pattern hints at a breakout, similar to past surges of 88%, 208%, and 445%.
- A breakout above $0.08 could trigger a sharp rally, while a drop below $0.055 may signal further downside.
Dogecoin’s network activity has hit a multi-month low, as the meme coin struggles to find bullish steam. On-chain data paints a picture of shrinking interest: DOGE whale transactions have cratered to just 66 per day, while active addresses have slumped below 60,000—a level not seen since October 2024.
— CryptoBull_360 (@CryptoBull_360) February 24, 2025
Falling Wedge Pattern: Dogecoin’s Potential Lifeline?
Despite the downbeat data, traders are still holding onto hope, as chart patterns suggest a potential breakout.
Technical analysts are pointing to DOGE’s current formation of a fourth falling wedge—a pattern that has historically come before major ra…
The post Dogecoin Price Prediction for Feb. 25: Falling Wedge, Rising Hopes? appeared first on Coin Edition.
Read More
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