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Analyst Sets Target Above $0.37 After Dogecoin Breaks Symmetrical Triangle
This technical trend suggests Dogecoin will rise to a new objective over $0.375.
Symmetrical Triangle Will Raise Dogecoin Above $0.37
CryptoSanders posted a Dogecoin price chart with converging trendlines forming a symmetrical triangle. The TradingView expert said Dogecoin's price broke above the symmetrical triangle's upper trendline at $0.316, confirming a bullish breakout and suggesting a price explosion to $0.375.
The symmetrical triangle chart pattern indicates consolidation before a price breakthrough. A bitcoin price breakout from this pattern frequently signals a new or continuing trend. Breaking out of the lower trendline starts a bearish phase and vice versa.
The bullish setting of Dogecoin's price breakout is supported by price movement above crucial moving averages, according to CryptoSanders. Dogecoin was above the 50-EMA and 200-EMA when the analyst reported.
Two crucial moving averages indicate Dogecoin price growth. The TradingView expert believes Dogecoin's rising momentum may be strengthened by converging moving averages.
After Dogecoin broke the symmetrical triangle formation, the expert expects $0.375 as its next major resistance level. Investors take profits at this psychological Dogecoin price threshold.
Dogecoin might climb to new highs if it breaks over $0.375 barrier. Failure to cross this level might trigger another slump, driving Dogecoin below $0.306 support.
CryptoSanders shared his positive Dogecoin price forecast and a well-defined trading plan for investors wanting to benefit on this symmetrical triangle breakthrough.
After the breakthrough confirmation, the analyst found an entry zone around $0.316. A $0.306 stop loss reduces downside risk and financial loss if a breakout fails.
Along with the chart's resistance level, $0.375 has been confirmed as the main profit-taking zone. CryptoSanders says this trading setting has a good risk-reward.
#DOGE #MarketRebound #BTCNextMove $DOGE #Crypto2025Trends $BNB
This technical trend suggests Dogecoin will rise to a new objective over $0.375.
Symmetrical Triangle Will Raise Dogecoin Above $0.37
CryptoSanders posted a Dogecoin price chart with converging trendlines forming a symmetrical triangle. The TradingView expert said Dogecoin's price broke above the symmetrical triangle's upper trendline at $0.316, confirming a bullish breakout and suggesting a price explosion to $0.375.
The symmetrical triangle chart pattern indicates consolidation before a price breakthrough. A bitcoin price breakout from this pattern frequently signals a new or continuing trend. Breaking out of the lower trendline starts a bearish phase and vice versa.
The bullish setting of Dogecoin's price breakout is supported by price movement above crucial moving averages, according to CryptoSanders. Dogecoin was above the 50-EMA and 200-EMA when the analyst reported.
Two crucial moving averages indicate Dogecoin price growth. The TradingView expert believes Dogecoin's rising momentum may be strengthened by converging moving averages.
After Dogecoin broke the symmetrical triangle formation, the expert expects $0.375 as its next major resistance level. Investors take profits at this psychological Dogecoin price threshold.
Dogecoin might climb to new highs if it breaks over $0.375 barrier. Failure to cross this level might trigger another slump, driving Dogecoin below $0.306 support.
CryptoSanders shared his positive Dogecoin price forecast and a well-defined trading plan for investors wanting to benefit on this symmetrical triangle breakthrough.
After the breakthrough confirmation, the analyst found an entry zone around $0.316. A $0.306 stop loss reduces downside risk and financial loss if a breakout fails.
Along with the chart's resistance level, $0.375 has been confirmed as the main profit-taking zone. CryptoSanders says this trading setting has a good risk-reward.
#DOGE #MarketRebound #BTCNextMove $DOGE #Crypto2025Trends $BNB
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