Dogecoin price continues to rise, Trader Maps DOGE's Path to $0.82

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Top analyst and trader Ali Charts has outlined the potential path of Dogecoin to $0.82 amidst a strong price surge. The meme token is trading at $0.460458, marking a 17.35% increase in 24 hours. Ali Charts has shared a technical analysis on X, detailing the breakout of DOGE from the symmetrical triangle pattern. DOGE market structure shows strong buying momentum The latest technical analysis from Ali Charts shows a clear breakout from the symmetrical triangle pattern on the 4-hour time frame. DOGE maintains a stable support level at $0.35, with a secondary support level at $0.32. Price action indicates consistently higher lows, suggesting continuous buying interest in the market.

A breakthrough occurred with increasing trading volume, confirming the upward trend. Market data indicates a triangle pattern is forming after DOGE rose from $0.20, setting the stage for further price expansion. Technical indicators aim for higher targets DOGE faces its next major resistance at the all-time high of 0.74418 dollars. The volatility measured from the triangle pattern indicates an intermediate target of 0.50 dollars, which the price has already surpassed. The strong upward trajectory aligns with Ali Charts' forecast of 0.82 dollars. A clear support structure has formed in this price surge. The price consolidation near $0.35 has created a strong foundation for buyers. This level coincides with previous resistance zones, now acting as support for the ongoing movement. Volume and price dynamics analysis The transaction volume data reinforces the strength of the current uptrend. Breaking out of the symmetrical triangle saw above-average volume, demonstrating real market participation. The clean chart structure shows minimal selling pressure at current levels. The market maintains a stable buying momentum without strong adjustments. Each support level is held steady in small pullbacks, allowing DOGE to establish new price ranges. Volume profile matches price action, indicating consistent market participation throughout the price increase.

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WildfieldHiroshiFfvip
· 2024-11-23 16:05
All in All in 🙌
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