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Title: Dogecoin (DOGE) Just Inch Away From ‘Breakout of the Year’
Dogecoin (DOGE), one of the most popular meme coins, is reportedly just inches away from its ‘breakout of the year’. According to recent market trends and analysis, DOGE may be gearing up for its biggest move yet. A significant weekly chart breakout has pushed Dogecoin’s price against a long-standing downtrend that has capped it since December.
The current DOGE price, trading near $0.196, is sitting just above the trendline that has defined its decline over the past seven months. This structure appears to be almost identical to a similar setup seen last October when DOGE broke a pattern and quickly rallied by 600%.
In light of this, chart watchers should anticipate a clear path towards the $0.50-$0.60 range if the breakout is validated. Given its history, it’s possible that Dogecoin may not stop halfway but will instead continue upward momentum.
Furthermore, DOGE has been observed to be one of the meme coins that tend to accelerate first when recovering markets, which could potentially lead to a shift in sentiment across the entire altcoin space. If DOGE closes above this weekly line, it’s likely that the breakout narrative would be hard to ignore.
Dogecoin (DOGE) just inch away from ‘Breakout of the Year’, Legendary Trader Peter Brandt Announces Altcoin Season’s Start
Source: u.today
