- Dogecoin with an increase of 5.2 % over the past week, and currently testing $ 0.16 resistance.
- The analyst determines the penetration of the third similar triangle since 2014.
- The activity treats more than 100 %, indicating an increase in market interest.
Dogecoin (DOGE) maintained a steady upward path during the past week, with 5.2 % with a rise of $ 0.13 on April 9 to about $ 0.15. The popular Meme is currently testing a decisive resistance level at $ 0.16, although it has seen a slight decrease of 2.08 % over the past 24 hours.
Tardigrade’s trader has identified potential patterns formations on the Dogecoin chart dating back to 2014. The analysis reveals a series of similar triangular formations that historically previously preceded the escape of the main prices.
According to Tardigrade’s analysis, DOGECOIN completed three distinctive triangular styles throughout their history. Dogecoin’s historical price movements have a pattern of long -term similar triangle formations, each of which is a great fleeing precedent.
The first triangle was formed between 2014 and 2016, which led to the outbreak of payment to $ 0.004 before entering the standardization stage less than the descending trend line. This preparation eventually led to another outbreak in mid -2017, when Dog reached the highest level of $ 0.0187 by January 2018.
The outbreak of the last Dogecoin may lead to a rally
A second symmetry triangle was formed between 2018 and 2021, after a similar structure with its peak in a sharp rally to its highest level in Dogoin, which is $ 0.74 during the Taurus 2021.
according to TardigradeThis last penetration may indicate the beginning of another major price movement. The expected goal is 2.90 dollars, which, based on the current DOGECOIN price of $ 0.1593, will represent a profit of about 1593 %. This view is compatible with the previous expectations of SCOFILD analyst in November, which also expected a potential movement of about 3 dollars.
In addition to technical analysis, Ali Martinez available Additional visions around the last Dogecoin price. Analyst Ali Martinez notes that Dogecoin has settled about $ 0.145 after a decrease from the highest annual level of $ 0.485. This current price level is in line with the rising trend line that has been present since November 2023 and has received support on two previous occasions.
Martinez also stated that the artistic image may support a possible pump as long as Dukwin remains above the support level of $ 0.13. The high price targets may become available if the resistance area of $ 0.17 is constantly closed above, and it may reach $ 0.21 or $ 0.29.
The scales on the series strengthen the ups of the Dogoin. The title of the title activity shows that the number of new addresses increased by 102.4 % last week, indicating a strong new participant’s interest. The active headlines increased by 111.32 %, while the addresses of the zero balance increased by 155.51 %, indicating strong growth of the ecological system.
