Dogecoin price is poised for a potential 500% rally, with technical analysts eyeing a breakout that could take DOGE beyond $1 mark.
A TradingView analyst highlights an Ascending Wedge pattern suggesting a long-term upward trend for Dogecoin, projecting a new all-time high of $1.161, indicating a gain of over 582%.
Critical support for Dogecoin is set at $0.177, with a bullish entry point at $0.176 and a stop loss at $0.1143 indicated by the analyst for traders interested in capitalizing on the potential price breakout.
Dogecoin's price movements are seen as a leading indicator for the altcoin season, with an expert suggesting that the upcoming breakout above $0.22 could signal the start of the altcoin season.