Dogecoin on the brink of a massive surge: Will it repeat the explosion of 2024?
Dogecoin (DOGE) is once again emerging from a textbook descending wedge formation, and the analyst who predicted the last triple explosion of the memecoin believes the stage is set for a repeat. "Breaking a crucial area, expecting a solid medium-term bullish wave," said World Of Charts (@WorldOfCharts1) to his followers on X while sharing a 12-hour chart from Binance.
Is a major surge of Dogecoin on the way?
He referenced a post from April 13 where he predicted: "Doge: We captured this big move in October 2024, Dogecoin rose more than 3 times. Now again Doge [is] on the brink of a massive breakout… expecting 3 times from here." The chart shows five months of compression that began when DOGE reached a high of just under $0.48 in early December.
