Following the election results, DOGE has soared more than 150% without taking a pause.
However, from November 12 to November 30, 2024, it has remained in a small consolidation zone between $0.353 and $0.428.
Amid the ongoing consolidation in DOGE, expert technical analysis suggests that the daily chart of the meme coin has formed a bullish ascending triangle pattern and is on the verge of a breakout.
However, DOGE’s current price has reached a level where it has historically faced selling pressure and downside momentum.
he combination of these bullish on-chain metrics and technical analysis suggests potential upside momentum in the coming days, presenting ideal buying opportunities.
Current Price Momentum
At press time, DOGE is trading near $0.43 and has experienced an upside momentum of over 8.15% in the past 24 hours.
During the same period, its trading volume has increased by 5.5%, indicating heightened participation from traders and investors amid a bullish outlook.