Top analyst and trader Ali Charts has outlined Dogecoin’s potential path to $0.82 amid a strong price rally. The meme token is trading at $0.460458, marking a 17.35% gain in 24 hours. Ali Charts shared a technical analysis of X, detailing DOGE’s breakout from a symmetrical triangle pattern.
DOGE Market Structure Shows Strong Buying Momentum
The latest technical analysis from Ali Charts shows a clear breakout from the symmetrical triangle pattern on the 4-hour time frame.
DOGE maintained steady support at $0.35, with a secondary base at $0.32. The price action shows continuous higher lows, indicating continued buying interest in the market.
The breakout occurred with increasing trading volume, confirming the bullish move. Market data shows that a triangle pattern started to form after DOGE rose from $0.20, setting the framework for further price expansion.
Technical indicators point higher
DOGE faces the next major hurdle at its previous all-time high of $0.74418. The measured move from the triangle pattern suggests an intermediate target of $0.50, which the price has now surpassed. The strong upward trajectory is in line with Ali Charts’ forecast of $0.82.
A clear support structure has formed in this uptrend. The price consolidation near $0.35 has created a solid foundation for buyers. This level coincides with previous resistance zones, which are now acting as support for the ongoing move.
Volume and price momentum analysis
Volume data reinforces the strength of the current uptrend. The breakout from the symmetrical triangle saw above-average volume, indicating real market participation. The clean chart structure suggests minimal selling pressure at current levels.
The market maintained steady buying momentum without any sharp corrections. Each support level held during small retracements, allowing DOGE to establish new price ranges. The volume profile matched the price action, showing consistent market participation throughout the rally.
