Dogecoin To $1 Is Within Reach—Here’s What Must Happen First, Says Analyst

Dogecoin is showing strong signs of a market revival, with recent price movements and technical indicators hinting at an incoming rally. According to technical analysis, Dogecoin’s recent price action has opened up a pathway to $1 that’s becoming increasingly visible if some conditions are met. Particularly, technical analysis by crypto analyst MMBTtrader on the TradingView platform outlines a bullish setup that formed after a decisive Dogecoin price breakout from a long-term downtrend channel on the 3-day candlestick chart. Related Reading: Crypto Is Here To Stay—Even The SEC Can’t Do Anything About It, Analyst Says Downtrend Channel Breakout And Retest Complete As shown in the 3-day candlestick price chart below, which was initially shared by MMBTtrader, Dogecoin broke above a descending parallel channel on July 15 source: https://www.newsbtc.com/altcoin/dogecoin-to-1-is-within-reach-heres-what-must-happen-first-says-analyst/