Dogecoin coils for major 60% price move, says analyst
Dogecoin (DOGE) may be on the brink of a massive 60% price move, according to crypto analyst Ali Martinez, who posted a symmetrical triangle chart on X (formerly Twitter) on June 19. The meme-inspired coin is now trading at $0.1701, having dropped 10.41% in the past 7 days and 23.52% over the last month. The chart, published via TradingView, shows DOGE compressing into a tightening wedge bounded by descending resistance and ascending support, with price currently hovering near the lower bound of the structure. Martinez highlights the key range to watch: $0.16 to $0.22. A daily close outside of this band, he notes, will likely determine the next major trend direction. DOGE triangle. Source: Ali Martinez “Dogecoin looks prime for a 60% price move,” Martinez wrote. “All you need to do is wait for a daily close outside of the $0.16 to $0.22 range to determine the direction of the trend.” Is it possible for DOGE price? This technical pattern, known as a s...