Dogecoin Price Prediction: #Doge🚀🚀🚀 $
Horizontal Support in Descending Triangle Creates Potential for Increase Towards $1,
Dogecoin price is consolidating in a descending triangle pattern within a key horizontal support line, which usually forms the basis for a rapid price increase,
This price action is showing pressure rather than decline, which is expected to lead to a potential breakout that could take the price to $1,
Prominent crypto analyst Trader Tardigrade has once again made a positive prediction regarding Dogecoin price and has shown the possibility that this meme coin can cross the long-awaited $1 level,
According to his recent chart, Dogecoin has touched the horizontal support three times, which is the base of the triangle pattern, while a descending resistance line is connected to the December 2024 high of $0.4835,
According to Trader Tardigrade’s analysis, this The structural pattern reflects a previous breakout from 2024 in which Dogecoin started from a support base of around $0.0938 and made a record high of $0.48 in a few weeks.
At that time, the increase corresponded to the 2.786 Fibonacci extension level.
If Dogecoin repeats the current pattern, it could reach the next 2.786 Fibonacci target of $1.09, which is more than four times the current price.
There is also a price structure marked “1-2-3” on the chart that indicates multiple tests of support and often appears before a breakout.
Furthermore, macro technical analysis has seen significant similarities between Dogecoin’s 2015-2018 cycle and the current pattern since 2022.
In the previous cycle, Dogecoin moved from $0.0003 to $0.009 What was the huge increase to the dollar,
The current chart is following the same historical fractal, based on which trader Tardigrade has predicted that Dogecoin will first reach $ 0.42, then $ 1.46 and finally touch a high of $ 4, which will be an increase of about 2400% from the current price,
