Dogecoin (DOGE) has broken through: Striking comment from Peter Brandt!

Famous investor Peter Brandt stated that Dogecoin (DOGE) has broken through the nearly six-month falling channel.

In the chart shared by Brandt, it is predicted that the largest memecoin Dogecoin has broken out of the falling channel and DOGE will probably start to rise. Before the falling channel, DOGE moved in the horizontal channel between the lower trend line of $ 0.05 and $ 0.1181. Since then, the coin has been in a descending channel and is now showing signs of breaking. Brandt stated that a longer-term chart could also be constructive and made supportive posts.

Following Bitcoin's 4 percent rise in the last 24 hours, DOGE also increased by 14.9 and reached $ 0.1236. However, at the time of writing this article, it is changing hands at $ 0.1225. Cryptocurrency analyst Ali Martinez noted that the largest memecoin is currently looking for an opportunity to confirm its bullish breakout after breaking through the resistance at $0.111.

Martinez said that 62,270 wallets hold more than 36 billion $DOGE . If the coin manages to maintain its position at this level, it would confirm a further bullish rally. Ali said that “without a major supply wall in sight, the path to $0.150 seems clear!” He also stated that whales have collected a full 1.40 billion Dogecoins from centralized cryptocurrency exchanges in the last two days.

If the memecoin frenzy continues, $BTC stays above $65,000, or BTC dominance declines, the Dogecoin price may want to target even higher levels.

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