A popular analyst on social media platform X has predicted a bullish pattern for Dogecoin (DOGE) that could see the meme coin reach a new all-time high.
The analyst, Ali Martinez, pointed out an ascending channel pattern on the monthly timeframe, indicating a potential price surge to the upper resistance trendline around $4.
If the $0.19 support area holds, DOGE could rally by over 1,500% from the current price point. However, a breach of the support could lead to a drop to around $0.06.
This bullish projection aligns with the theory that the current altcoin season has begun, with large-cap assets like Dogecoin expected to lead the charge.