Dogecoin might be demonstrating bearish price movements in the last few days. However, the upcoming days could be promising for the dog-themed meme coin following a recent breakout from a bullish chart pattern, which could push DOGE toward higher price levels.

Bullish Breakout Ignites Dogecoin’s Momentum For More Growth

Despite recent fluctuations in the general market, Dogecoin has managed to experience a positive trend by breaking out of a critical chart formation, as cited by Trader Tardigrade, a crypto analyst and investor. Specifically, DOGE has broken out of the Symmetrical Triangle pattern, sparkling optimism among investors and traders about an impending rally to higher levels.

The expert highlights that this breakout could ignite renewed momentum for the meme coin, with key resistance levels now in focus. Given the robust optimism within the market and growing participation, the development raises the possibility of a sustained rally once DOGE resumes its uptrend.

Following the breakthrough from the Symmetrical Triangle formation, DOGE did not immediately pull back, suggesting that sellers did not defend the crypto asset above the upper line of the triangle. According to Trader Tardigrade, this is an indication of strength, implying the potential for more price growth.

Furthermore, in the event that Dogecoin retraces to the triangle’s upper line for a retest at the Go to Source to See Full Article
Author: Godspower Owie