TL;DR
Dogecoin breaks triangle at $0.24, with Fibonacci levels signaling possible rally toward $0.31.
Analysts highlight DOGE’s repeating long-term cycles, suggesting potential breakout above its prior $0.73 all-time high.
Liquidity data shows shorts cleared, with DOGE holding $0.25 support and eyeing resistance near $0.26.
Symmetrical Triangle Breakout
Dogecoin (DOGE) has broken out of a symmetrical triangle pattern after several weeks of consolidation. The breakout took place near the $0.24 level, sending the price higher and confirming a bullish setup.
At the time of writing, DOGE is trading at $0.25, supported by a 24-hour trading volume of more than $3.15 billion. The token has gained 3% in the last day and is up 16% over the past week.
Fibonacci levels are being used to track the next targets. The move above the 0.618 retracement at $0.24 has added weight to the breakout. The following levels to watch are $0.253, $0.27, $0.3, and $0.32. Crypto analyst Ali Martinez stated,
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We współpracy z: https://cryptopotato.com/doge-smashes-triangle-pattern-next-stop-0-31/
