Ali presents a Dogecoin (DOGE) chart that shows a clear descending channel or flag pattern. This pattern commonly occurs during a consolidation phase that follows an uptrend.
Currently, DOGE is trading around $0.139, with a noticeable resistance zone identified at approximately $0.143, marked in gray on the chart.
According to the analyst’s insights, if Dogecoin manages to break through this resistance level, it could indicate a potential continuation of its previous upward trajectory.
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The analyst projects that a successful breakout above $0.143 could lead to a significant rally of about 25%, potentially elevating DOGE’s price to around $0.175. This projection is supported by the upward arrow in the chart, which suggests a price target contingent on a successful breakout.
Such a breakout would likely generate increased buying momentum, further propelling the price toward the $0.175 level. If DOGE fails to surpass the resistance at $0.143, the price may remain in a consolidation phase within the current pattern.
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