The post Dogecoin (DOGE) 16% Price Move: Can Bulls Push DOGE Higher? appeared on BitcoinEthereumNews.com.

Key Notes Dogecoin (DOGE) has formed an ascending triangle on the hourly chart, said Ali Martinez. The triangle has a bullish target of $0.208 and a bearish target of $0.146. Moon Show Founder, Carl Moon, predicted a 150% increase for DOGE in the near future . Dogecoin (DOGE) is currently trading around $0.1723, with no notable gains or losses in the past 24 hours. However, prominent crypto analyst Ali Martinez has shared an hourly chart, highlighting a consolidation range between $0.16 and $0.18.  Martinez has stated that a definitive close outside this range could trigger a 16% price move, indicating a possible breakout scenario for DOGE. Dogecoin Ascending Triangle According to Martinez’s chart, Dogecoin has formed a classic ascending triangle–a pattern formed when price makes higher lows while facing resistance at a horizontal level. In this chart, the horizontal resistance is around $0.177 while the trendline of higher lows is acting as support. A breakout above this level could push Dogecoin toward $0.208, calculated by adding the triangle’s height ($0.031) to the breakout point. If price fails to break out and drops below support, it could decline to $0.146 or lower.  On the daily price chart, the largest meme coin has been forming a falling wedge pattern since mid-November. A falling wedge is a bullish reversal pattern, where breakout typically occurs to the upside, signaling a strong rally. The Moon Show Founder, Carl Moon, has set a bold price target of $0.434, a 150% increase from the current price level. Meanwhile, the Bollinger Bands show that DOGE is currently trading near the mid band (SMA around $0.18). If the price breaks above this level, it could confirm an upward momentum shift. On the other hand, the RSI is currently hovering around 52, indicating increasing buying pressure. The key resistance levels…

---

Filed under: News - @ March 20, 2025 10:27 pm