This forecast is technically sound. The distance from the bottom of the 'W' pattern (around $0.13) to the neckline (around $0.25) is approximately $0.12. By adding the breakout point, the target price reaches between $0.37 and $0.42 - which the analyst has pinpointed accurately.
The Martinez chart also suggests a ladder pattern to reach the targets - that is, a gradual and healthy rise instead of a sharp ascent and descent.
Is it too late to join?
Not necessarily, but traders should exercise caution. The $0.25 area represents a key resistance level, and DOGE needs to close strongly above it before confirming the breakout. If rejected, a short-term correction may occur.
That said, the background looks very strong. Trading volume is increasing, and market sentiment towards Dogecoin is trending upwards again, and if the rise of altcoins continues generally, Dogecoin may maintain this momentum until it reaches its target.
