Dogecoin Forms Ascending Triangle On Daily Chart, Here’s The Target 🚀
Dogecoin (DOGE), the leading meme coin, has formed an Ascending Triangle pattern on its daily chart, signaling a potential bullish breakout. Market expert Trader Tardigrade forecasts Dogecoin to target $0.285 once it surpasses resistance. The triangle structure shows four key touches, indicating readiness for a breakout.
Currently, DOGE tests the upper boundary, and should momentum and volume prevail, a 42.5% jump from its price of $0.206 is expected. Additionally, a converging wedge pattern on the Dogecoin H4 chart supports this bullish outlook. This pattern indicates price compression before a breakout, with the price consolidating between narrowing trendlines.
Trader Tardigrade highlights the importance of the support line, suggesting a potential bullish takeover. A minor retest followed by a breakout could push Dogecoin beyond $0.285, aiming for $0.29. Tight coiling within the range keeps all eyes on DOGE's next move.
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