An analyst has pointed out a historical Dogecoin pattern that could suggest DOGE might see a bull run to as high as $23 this time around.
Dogecoin Could Be About To Go Parabolic According To This Pattern
In a new post on X, analyst Ali Martinez has discussed about where Dogecoin could be going next based on the pattern that has been observed during previous bull markets.
Below is the chart shared by the analyst, which shows how DOGE has recently once again been showing a familiar trajectory in its monthly price.
From the graph, it’s visible that Dogecoin had been trading inside a Descending Triangle pattern during the last few years, but the coin appears to have found a break above it recently. The Descending Triangle is a pattern in technical analysis (TA) that, as its name suggests, looks like a triangle slopped downwards. Generally, the bottom line of the triangle provides support to the asset’s price, while the top one can be a source of resistance.
A break out of
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