Dogecoin’s (DOGE) price action appears to be following a consistent historical pattern, suggesting a potential surge of about 1,150% if the formation plays out.
Specifically, Dogecoin has historically broken out of prolonged descending triangles, followed by explosive rallies. This pattern suggests the meme coin’s next target could be at least $4, according to cryptocurrency trading expert Ali Martinez, who shared the insights on December 28.
DOGE price analysis chart. Source: TradingView/Ali_charts
From 2014 to 2017, Dogecoin consolidated within a descending triangle for 165 weeks before a breakout drove it higher. A similar pattern occurred from 2017 to 2021, where a 154-week triangle concluded with another breakout, resulting in a rally of over 16,000%.
Now, Dogecoin appears poised for its next major move. The current setup spans 183 weeks, with a descending triangle nearing completion. If this fractal repeats, Dogecoin could experience another meteoric rise, potent
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