CandleFocus Dogecoin Poised for Major Breakout, Predicts Analyst Who Called Bitcoin’s 2021 Crash
2024-10-23
Author: Content Editor
A well-known cryptocurrency analyst, who accurately predicted the collapse of Bitcoin in May 2021, is now making a bold call on Dogecoin. The analyst suggests that Dogecoin is showing signs of a potential substantial price increase as it breaks through a key resistance level. They point to an ascending triangle pattern forming on Dogecoin's daily chart, which could indicate a breakout and a continuation of the price trend. The analyst also notes that Dogecoin may be consolidating within a broader symmetrical triangle pattern, which could propel its price towards the $0.20 range and even reach its all-time high of $0.73. Additionally, recent data shows that Dogecoin has experienced a significant increase in active addresses, indicating growth in the network.
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