Symmetrical Triangle De Show Say Dogecoin Price Fit Go Up By 30%
Crypto analyst Ali Martinez don see symmetrical triangle chart pattern for 4-hour Dogecoin price chart, e mean say fit get 30% rally go $0.30. After e dip to $0.21 on August 22, Dogecoin price briefly rebound pass $0.24 after Fed Chair Jerome Powell Jackson Hole speech. Martinez expect say e go get bullish breakout wey dem measure by add the triangle base to the breakout point. Traders suppose wait make two candlesticks close one after another above the upper trendline to confirm the breakout. As e be now, Dogecoin price dey hover around $0.2366, e mean say e drop 1% in 24 hours.
Bullish
Di wani symmetric triangle for Dogecoin price chart dey show say market dey rest small before e blow continue movement. Historically, assets dem dey usually continue dia old trend after dem break from dis kind pattern. For Dogecoin, di last move na upward, so e support bullish view. Di forecast 30% rise go $0.30 fit technical measure (triangle base projection), wey dey attract momentum traders short term. If e confirm say two consecutive 4-hour close pass above di trendline, e go likely make people buy increase and volume go high. Long term, bigger market factors (like Fed policy and crypto matter) go affect if e go fit last, but di immediate technical setup give clear bullish reason.