CandleFocus

Dogecoin Price Breaks Out Of Symmetrical Triangle Pattern, Analyst Puts Target Above $0.37

The Dogecoin price has broken out of a symmetrical triangle pattern, signaling a bullish continuation for the cryptocurrency. A crypto analyst predicts a price surge to a new target above $0.375. The breakout is accompanied by continued price action above critical moving averages, strengthening its bullish setup. The analyst expects these moving averages to provide support for Dogecoin's upward momentum. $0.375 is identified as the next significant resistance level and a psychological level triggering profit-taking. Breaking this level could lead to a substantial price rally, while failing to do so could result in another downtrend. The analyst provides a trade strategy for investors, including an entry zone, stop loss, and profit-taking zone.

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