Dogecoin (DOGE) Price Prediction: Dogecoin Stuck in Triangle Pattern, Breakout Could Trigger Massive Gains
The post Dogecoin (DOGE) Price Prediction: Dogecoin Stuck in Triangle Pattern, Breakout Could Trigger Massive Gains appeared on BitcoinEthereumNews.com. Dogecoin (DOGE) currently remains locked inside a defined ascending triangle formation, a chart pattern characterized by rising lows against a consistent upper resistance—seen around $0.25. This formation signals mounting buyer interest despite repeated rejections at the same threshold. Analysts note that if DOGE can break above $0.25 with strong volume, a 50 % rally toward $0.36 becomes a realistic projection. Recent technical indicators bolster this outlook. The MACD (Moving Average Convergence Divergence) has turned positive, suggesting that buying momentum is gaining traction. Meanwhile, the golden cross, where the 50-day moving average crosses above the 200-day, adds to the bullish narrative—often heralding sustained upward moves. Price Dynamics and Risk Zones Over the past week, DOGE has surged nearly 20%, solidifying the strength of this pattern. However, the path is not without hurdles. A horizontal resistance at $0.29 has repeatedly capped rallies, presenting a tested barrier to further gains. A completed double bottom has transitioned into the development phase of an asymmetrical triangle pattern. Source: paper_Trader1775 on TradingView On the downside, a drop below $0.23 could spark a bearish shift, potentially dragging prices toward the $0.20–$0.21 range. This emphasizes the delicate balance—while the triangle suggests upside potential, breaking support could equally tilt the outlook. Momentum Signals and Consolidation Recent on-chain indicators echo this divide. Indicators like the RSI, Chaikin Money Flow, and the Awesome Oscillator show accumulation and not distribution, meaning that there is still bullish action in the market. On the monthly chart, Dogecoin shows a fully oversold RSI poised to reverse, supported by nearly four years of sideways consolidation, signaling a potential bullish trend ahead. Source: Chris via X At the same time, DOGE teeters on the $0.2279 level, a zone where a breakout can propel a rise to $0.23 or more. Nevertheless, protracted sideways trading is also an option…
The post Dogecoin (DOGE) Price Prediction: Dogecoin Stuck in Triangle Pattern, Breakout Could Trigger Massive Gains appeared on BitcoinEthereumNews.com.
Dogecoin (DOGE) currently remains locked inside a defined ascending triangle formation, a chart pattern characterized by rising lows against a consistent upper resistance—seen around $0.25. This formation signals mounting buyer interest despite repeated rejections at the same threshold. Analysts note that if DOGE can break above $0.25 with strong volume, a 50 % rally toward $0.36 becomes a realistic projection. Recent technical indicators bolster this outlook. The MACD (Moving Average Convergence Divergence) has turned positive, suggesting that buying momentum is gaining traction. Meanwhile, the golden cross, where the 50-day moving average crosses above the 200-day, adds to the bullish narrative—often heralding sustained upward moves. Price Dynamics and Risk Zones Over the past week, DOGE has surged nearly 20%, solidifying the strength of this pattern. However, the path is not without hurdles. A horizontal resistance at $0.29 has repeatedly capped rallies, presenting a tested barrier to further gains. A completed double bottom has transitioned into the development phase of an asymmetrical triangle pattern. Source: paper_Trader1775 on TradingView On the downside, a drop below $0.23 could spark a bearish shift, potentially dragging prices toward the $0.20–$0.21 range. This emphasizes the delicate balance—while the triangle suggests upside potential, breaking support could equally tilt the outlook. Momentum Signals and Consolidation Recent on-chain indicators echo this divide. Indicators like the RSI, Chaikin Money Flow, and the Awesome Oscillator show accumulation and not distribution, meaning that there is still bullish action in the market. On the monthly chart, Dogecoin shows a fully oversold RSI poised to reverse, supported by nearly four years of sideways consolidation, signaling a potential bullish trend ahead. Source: Chris via X At the same time, DOGE teeters on the $0.2279 level, a zone where a breakout can propel a rise to $0.23 or more. Nevertheless, protracted sideways trading is also an option…
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