{"id":10621,"date":"2025-01-31T03:01:48","date_gmt":"2025-01-31T03:01:48","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=10621"},"modified":"2025-01-31T03:01:48","modified_gmt":"2025-01-31T03:01:48","slug":"dogecoin-teases-ascending-triangle-on-4-hour-chart-heres-what-could-happen-if-it-forms","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=10621","title":{"rendered":"Dogecoin Teases Ascending Triangle On 4-Hour Chart, Here\u2019s What Could Happen If It Forms"},"content":{"rendered":"
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Dogecoin (DOGE) could be on the verge of an explosive price rally<\/a>, as recent technical analysis reveals that the popular meme coin may be forming a distinctive Ascending Triangle pattern on its 4-hour chart. This bullish continuation pattern, combined with a rebound from an oversold Relative Strength Index (RSI)<\/a>, suggests that a breakout could occur anytime soon.<\/p>\n

Dogecoin Eyes Breakout As Ascending Triangle Forms<\/h2>\n

An Ascending Triangle<\/a> is typically seen as a bullish chart pattern, formed by a horizontal resistance line connecting swing highs and a rising trendline connecting lower lows. Interestingly, a crypto analyst, Trader Tardigrade, has identified<\/a> what appears to be an Ascending Triangle forming on the Dogecoin price chart<\/a> in the 4-hour timeframe.<\/p>\n

Analyzing the analyst\u2019s presented chart, Dogecoin\u2019s price action shows a series of higher lows along an ascending trendline while facing resistance<\/a> at $0.334 on the horizontal level. This Ascending Triangle formation suggests that buyers may be gaining strength, potentially leading to a breakout to the upside<\/a> if the meme coin breaches the above resistance level.\u00a0<\/p>\n

\"Dogecoin\"<\/p>\n

Notably, the lower part of the chart shows that Dogecoin\u2019s RSI indicator<\/a> recently entered oversold territory, dropping below 30%. The RSI has since rebounded and is gaining significant momentum, with indicators suggesting it may have room to surge towards overbought zone<\/a>s above 70%. This positive shift in momentum indicates a steady increase in buying pressure, supporting the possibility of a Dogecoin price appreciation<\/a> to new highs.<\/p>\n

Based on the chart\u2019s forecast, DOGE\u2019s price could skyrocket toward the range between $0.355 and $0.360 if it successfully breaks above the Ascending Triangle<\/a> resistance at $0.334. Conversely, a rejection at this resistance level could lead to a retest of the ascending trendline before another breakout attempt.<\/p>\n

What\u2019s Next For DOGE?<\/h2>\n

Despite reports from CoinMarketCap highlighting a price<\/a> decline of over 6% in the past week, Dogecoin remains resilient, aiming for new highs above the $0.6 mark. A prominent crypto analyst, identified as \u2018Coinvo\u2019, has announced<\/a> to his over 324,000 followers that a new Dogecoin all-time high is imminent<\/a>.\u00a0<\/p>\n

The analyst shared a detailed chart illustrating the DOGE price action over a multi-year period on a weekly timeframe. He highlighted two primary resistance levels, which suggests that the meme coin could rise to a new ATH soon.<\/p>\n

The first resistance level<\/a>, $0.015, was broken in early 2021 during the previous bull run, leading to a parabolic price surge in Dogecoin. The second resistance level, $0.6, represents Dogecoin\u2019s all-time high in 2021, which its current price looks to be approaching again.\u00a0<\/p>\n

DOGE is currently trading at $0.33, having experienced a prolonged downtrend and consolidation<\/a> between 2022 and 2023. Based on historical trends, the meme coin\u2019s price could be nearing its previous peak, as it follows a similar bullish trajectory as the 2021 bull run. <\/p>\n

\"Dogecoin\"<\/div>\n","protected":false},"excerpt":{"rendered":"

Dogecoin (DOGE) could be on the verge of an explosive price rally, as recent technical analysis reveals that the popular meme coin may be forming a distinctive Ascending Triangle pattern on its 4-hour chart. This bullish continuation pattern, combined with a rebound from an oversold Relative Strength Index (RSI), suggests that a breakout could occur […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-10621","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10621","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10621"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10621\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}