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 is exactly what the analyst indicated.
The Martinez chart also suggests a ladder pattern to reach the targets - that is, a gradual and healthy rise instead of a sharp rise and fall.
Is it too late to join?
Not necessarily, but traders should exercise caution. The $0.25 area represents a major resistance level, and DOGE needs to close strongly above it before confirming a breakout. If it is rejected, a short-term correction may occur.
Nevertheless, the backdrop looks very strong. Trading volume is increasing, and market sentiment towards Dogecoin is trending upwards again, and if the rise of altcoins continues in general, Dogecoin may maintain this momentum until it reaches its target.
