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Benzinga
Benzinga
Business
Melanie Schaffer

Dogecoin Narrowly Escapes The Dog House, Charges Toward A Trend Change

Dogecoin Crypto Ethereum

Dogecoin (CRYPTO: DOGE) popped up over 4% higher on Wednesday, in tandem with Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), which were trading over 5% and 6% higher, respectively.

The crypto had been trading into a tightening range within a triangle pattern after plunging over 25% between April 26 and April 30, which settled Dogecoin into a bear flag pattern on the daily chart but the surge following the Federal Reserve's decision to raise interest rates by .5bps as opposed to .75 bps set the markets on fire.

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