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.

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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.