Dogecoin Eyes $2.9 Target Following Historical Pattern Breakout. .

Dogecoin up 5.2% over past week, currently testing $0.16 resistance.

Analyst identifies third symmetrical triangle breakout since 2014.

Address activity surges over 100%, signaling growing market interest.

Dogecoin (DOGE) has maintained a steady upward trajectory over the past week, gaining 5.2% as it climbed from $0.13 on April 9 to around $0.15. The popular meme coin is currently testing a crucial resistance level at $0.16, though it has experienced a minor 2.08% pullback in the last 24 hours.

Analyst Trader Tardigrade has identified potentially significant pattern formations on Dogecoin’s 3-day chart dating back to 2014. The analysis reveals a series of symmetrical triangle formations that have historically preceded major price breakouts.

According to Tardigrade’s analysis, Dogecoin has completed three distinctive triangle patterns throughout its history. Dogecoin’s historical price movements have followed a pattern of long-term symmetrical triangle formations, each preceding significant upward breakouts.