Tardigrade analyst is confident that the price of the popular meme coin Dogecoin will increase to $7.5, since the asset has already formed a triangular consolidation.

According to him, consolidation is the latest factor indicating that DOGE will make a sharp move higher.

According to Tardigrade, triangular consolidations form in every market cycle and form before an asset enters a parabolic rally.

Let us remind you that the analyst has been making optimistic forecasts regarding the popular coin over the past few days. For example, in one of his previous comments, the expert noted a bucket pattern, which also indicates that the coin will soon demonstrate a rally in the market.

Crypto expert Javon Marks reported that DOGE could rise to $17 in one candle based on the historical breakout trend. According to it, memcoin always shows a significant jump in value with each subsequent bullish cycle.

However, Dogecoin has not yet shown a growth trend, and its rate barely exceeds $0.12.

Combat alert, or not yet?!

#binance #doge #dogecoin #mem #memcoin $DOGE