Dogecoin's price is consolidating within a Descending Triangle pattern, suggesting a potential breakout above the $1 target.
Prominent crypto analyst, Trader Tardigrade, predicts a surge in Dogecoin's price based on the completion of a Descending Triangle pattern.
The analyst's analysis hints at a potential rally towards $1.09, more than four times Dogecoin's current market value, supported by a historical fractal and Fibonacci extension levels.
The technical analysis also points to a potential long-term target of $4 for Dogecoin, indicating a significant rally from the current market value of $0.16.