🐶Dogecoin🐶 shows signs of preparing for a significant price increase after breaking through a descending triangle.
Currently, the token is trading above the $0.33 mark 🚀 having established itself above the key support level at $0.31📈
Technical analysis of the daily DOGE chart indicates the formation of a strong support zone, which could serve as a foundation for further growth. The nearest significant resistance level is at $0.42 🚀 breaking through which could open the way to the next target zone at $0.56 🚀
According to several analysts, including Trader Tardigrade, the current technical picture could lead to an even more impressive rise — up to $3.20. 🚀🚀🚀
This opinion is supported by analyst KrissPax, who notes that the recent breakout of a two-week descending wedge is an additional signal of a potential bullish reversal for the popular meme cryptocurrency. 🚀🚀🚀