Dogecoin’s Big Breakout Incoming? Analyst Calls To “Stay Alert”
An analyst has pointed out how a Dogecoin breakout could be coming, based on this technical pattern that the asset has followed over the years. Dogecoin Is Currently Inside Accumulation Zone Of Long-Term Channel In a new post on X, analyst Ali Martinez has talked about how Dogecoin is still in the accumulation phase of a technical analysis (TA) channel. The pattern in question is an “Ascending Channel,” a type of Parallel Channel. Related Reading: Bitcoin Breaks $119,000: Analyst Says $139,000 Could Be Next Parallel Channels form when the price of an asset travels between two....
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The Dogecoin price is closing in on a critical technical trendline that could ignite its next major rally. After months of downward pressure, analysts are eyeing a possible breakout toward the long-awaited $1 target. $1 Dogecoin Price Target Closer Than Ever Crypto analyst Master Kenobi believes that the Dogecoin price could reach the highly coveted $1 target before the end of this market cycle. Based on his technical analysis, DOGE is once again mirroring a historical breakout pattern that previously led to an explosive surge in price. Related Reading: Is Shiba Inu On Track To Dethrone....
A crypto analyst, known as ‘CryptoSanders9563’, disclosed in a report on TradingView that the Dogecoin price has broken out of a symmetrical triangle pattern. This technical pattern, signaling a bullish continuation for Dogecoin, is expected to trigger a price surge to a new target above $0.375. Symmetrical Triangle To Drive Dogecoin Price Above $0.37 CryptoSanders has shared a Dogecoin price chart, showing a symmetrical triangle pattern formed by converging trendlines. According to the TradingView analyst, Dogecoin’s price broke above the symmetrical triangle’s upper trendline at....
Dogecoin’s latest price movement has stalled at a critical resistance level, preventing a bullish breakout above $0.28. As such, the meme coin is now back to battling to hold above support at $0.25. Interestingly, technical analysis shows that this recent rejection at $0.28 has caused a failed predicted breakout above technical indicators. Particularly, crypto analyst […]
Bitcoin continues to consolidate in the high $50,000 area, meanwhile, its fundamentals are strengthening and seem to point towards a price breakout. Analyst Ali Martinez has shared data from Glassnode to predict the timing for a new BTC price rally. According to the analyst, when the cryptocurrency surpasses the 1 million threshold in the metric […]
A recent analysis by a Bitcoin analyst has thrown cold water on the possibility of the Shiba Inu price hitting the $1 mark. The analyst firmly dismissed the idea, suggesting that it is highly unlikely, if not downright impossible. Related Reading: Crypto Analyst Warns Dogecoin Price Correction Was A False Breakout, Calls 30% Crash Why […]