Top analyst Jake Wujastyk identifies bullish descending triangle pattern in Dogecoin, predicting a potential twofold price rally to $0.45 despite recent 7% pullback.
Wujastyk emphasizes on a strong upward breakout in Dogecoin's chart, highlighting the tight wedge formation as a precursor to a significant price movement.
Analyst Bitcoinsensus also supports the bullish outlook, noting an inverse head-and-shoulders pattern signaling a surge in Dogecoin's price, with a target range of $0.42 to $0.43 within the next seven days.
The projections by both analysts suggest substantial upside potential for Dogecoin in the coming days, with potential rallies above $0.40 and a significant breakout in the near future.