Dogecoin Eyes Major Breakout from Year-Long Pattern 🚀
Analyst Ali Martinez spotted a massive descending wedge on DOGE's weekly chart that's been forming since early 2024. This pattern has historically led to explosive bullish breakouts for the meme coin.
The Setup Looking Bullish 📈
DOGE just tested key support at the wedge's lower trendline—the same zone that triggered previous rallies. Martinez analyzed past patterns showing Dogecoin consistently breaks upward from these formations.
Why Traders Are Watching Closely 👀
"Dogecoin tends to maintain wedge structures well, and the breakout in this pattern could be quite strong," Martinez noted. This is DOGE's largest wedge pattern ever recorded.
The Make-or-Break Moment ⚡
Holding current support is critical. If history repeats, confirmation of a breakout could signal sustained upward momentum. Multiple past wedges ended in significant price surges, making this a key inflection point for traders.
