Dogecoin Ready to Form a New All-Time High After This “Massive Breakout”

Over the past week, Dogecoin has experienced a surge of more than 15%, climbing to $0.07 after establishing support at $0.05. This increase has instilled hope in investors looking to capitalize on this momentum, with aspirations for even larger gains. A Doge trader known as World of Charts has identified what appears to be a potential massive breakout for Dogecoin, one that could propel its price to levels never seen before.

Massive Breakout Expected

Trader World Of Charts sees a major technical breakout approaching for Dogecoin. In a recent tweet, he noted that DOGE is testing a multi-year triangle pattern on the 3-day chart.

If DOGE successfully breaks out of this triangle, World Of Charts expects a move towards $1. This would represent a massive rally from current levels under $0.10. He believes the trend will reverse after this technical breakout occurs.

In a follow-up tweet, World Of Charts confirmed the anticipated “massive breakout” in DOGE is happening as expected. He is forecasting a significant bullish rally if DOGE can close above the key triangle resistance around $0.08.

Check $RECQ Meme Coin

Sponsored: Invest Responsibly, Do Your Own Research.
Serves as the base currency for all transactions within the Rebel Satoshi platform
ICO stage, offering tokens at a discounted price
Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions.
Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade,
Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

Tags:

Temitope Olatunji
Temitope Olatunji

Temitope is a seasoned writer with over four years of experience. He specializes in Web3 and FinTech topics and enjoys creating content in these areas. He holds both a bachelor's and master's degree in Linguistics. When not writing, he trades forex and plays video games.

CaptainAltcoin
Logo