Dogecoin Has Potential For 500% Rally In 2025!
$DOGE

Dogecoin ($DOGE ) could rise by 500% or more next year, according to technical analysis indicators. The most popular memecoin is currently breaking out of a three-year symmetrical triangle that formed over three years starting in April 2021.

Chart

In technical analysis, symmetrical triangles are trend continuation patterns that typically reverse in the direction of the previous trend, rising to the maximum distance between the upper and lower lines of the triangle.

During 2020-2021, Dogecoin price demonstrated a symmetrical triangle breakout when it broke above the upper line in October 2020 and then rose by a record 31,375%.

As of October 2024, DOGE price appears to have reached a similar breakout point. If this happens, the meme token could surge 500% to $1 in 2025, before rallying to $2.

Another important metric that supports the bullish outlook is Dogecoin’s weekly Relative Strength Index (RSI), which bounced off a support zone around 46 in July. Historically, such RSI bounces have often led to sustained gains, raising the possibility of a $1-$2 price target being reached.

DOGE’s price surged more than 75% in October to reach $0.172, its highest since May 2024.
And despite the market downturn, Dogecoin is starting to return to its old price so all of these predictions above are quite possible.

thanks for reading to the end of good trading!
analysis taken from the original Happycoin website.
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