Dogecoin has shown signs of a potential price rally, with a bullish pattern identified by a top analyst on the daily timeframe.
The meme coin has been struggling amidst the broader altcoin market's downturn, down 42% year-to-date and 75% from its all-time high.
Analyst Ali Martinez noted a bullish pattern with Dogecoin currently at the bottom of a parallel channel, targeting a push towards $0.20 and $0.25 resistance levels.
Price expectations include a potential rally to $0.25 according to various analysts, with predictions of higher targets like $0.46, $1.4, and $5 for Dogecoin.