$DOGE Uptrend to Resume?
Crypto trader “Olivier Đ X” has suggested that Dogecoin’s price rally is set to resume. The analyst disclosed this in an X post on Tuesday, December 17, asserting that the meme coin was staging a price reversal to the upside on its 4-hour candle chart.
Per Olivier Ð X’s analysis, DOGE is completing a breakout of a descending channel on the 4-hour candle chart. According to the trader, the asset should resume its uptrend after breaking an emerging resistance around the $0.4140 price point. This pattern notably also has the potential to expand into an ascending triangle chart pattern.
While Olivier Ð X offer no price targets for the expected rally, analysts like Javon Marks have contended that DOGE is set to break its all-time high price of over $0.73 with conservative long-term targets of $3.
The recent views contending that the meme coin’s uptrend is set to resume come just as data suggests that investors may now be losing patience.