Dogecoin (DOGE), the number one meme coin, is making headlines once again, and this time, it’s due to the sudden formation of an Ascending Triangle pattern on its daily chart. This promising technical setup has caught the eye of a crypto analyst, who now forecasts an imminent bullish breakout that could propel DOGE to higher prices.
Dogecoin Prepares For Solid Breakout To $0.285
A fresh analysis posted on X (formerly Twitter) by market expert Trader Tardigrade suggests that Dogecoin has established a clear Ascending Triangle structure on the daily timeframe. This pattern, characterized by a rising support trendline and a relatively flat resistance zone, typically signals a bullish continuation if a cryptocurrency successfully breaks above resistance.
Interestingly, the appearance of this chart formation has prompted the analyst to issue a bullish forecast, expecting Dogecoin to target the $0.285 price level once it breaks out of the triangle. Trader Tardigrade’s chart
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