Dogecoin Coils Up: Triangle Break Could Spark 40% Move, Analyst Says

An analyst has pointed out how Dogecoin is consolidating within a triangle pattern that could set up a 40% move for the memecoin’s price. Dogecoin Is Trading Inside A Symmetrical Triangle Pattern In a new post on X, analyst Ali Martinez has talked about what the triangle that Dogecoin’s 12-hour price is trading inside right now could foreshadow for it. A triangle is a consolidation channel in technical analysis (TA) that forms whenever the price of an asset trades between two converging trendlines. Related Reading: Bitcoin Bullish Signal: Sharks & Whales Are Buying The Dip The upper line of the pattern is likely to be a source of resistance, while the lower one that of support source: https://www.newsbtc.com/news/dogecoin/dogecoin-triangle-break-spark-40-analyst/