{"id":8462,"date":"2025-01-19T01:01:35","date_gmt":"2025-01-19T01:01:35","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=8462"},"modified":"2025-01-19T01:01:35","modified_gmt":"2025-01-19T01:01:35","slug":"dogecoin-price-breaks-symmetrical-triangle-ahead-of-trumps-inauguration-what-to-expect","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=8462","title":{"rendered":"Dogecoin Price Breaks Symmetrical Triangle Ahead Of Trump\u2019s Inauguration \u2013 What To Expect"},"content":{"rendered":"
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The Dogecoin price has recently broken out of a Symmetrical Triangle pattern<\/a>, signaling a potential for a bullish momentum. Interestingly, this breakout occurred just three days before Donald Trump\u2019s presidential inauguration<\/a>. Due to the timeline, a crypto analyst has issued a bullish price prediction, forecasting that Dogecoin could reach new all-time highs soon.\u00a0<\/p>\n

Dogecoin Price Breaks Out Of Bullish Chart Pattern<\/strong><\/h2>\n

In an X (formerly Twitter) post<\/a> on Friday, Master Kenobi, a prominent crypto analyst, presented a technical analysis of Dogecoin<\/a> using historical data and technical patterns to forecast the meme coin\u2019s future price. The analyst\u2019s chart shows a Symmetrical Triangle, a bullish pattern often appearing when two converging trend lines meet.\u00a0<\/p>\n

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According to Master Kenobi, Dogecoin has recently broken out of this Symmetrical Triangle, signaling a potential for a strong bullish move<\/a> in the breakout direction. The red threshold highlighted on the analyst\u2019s Dogecoin price chart shows the meme coin\u2019s next key resistance level at $0.56.<\/p>\n

Achieving a price beyond this resistance area at $0.44 suggests that Dogecoin will likely reach an all-time high of $0.74 as its ultimate target. Moreover, Master Kenobi revealed that Dogecoin\u2019s recent breakout from its Symmetrical Triangle occurred three days before Trump\u2019s Presidential inauguration on January 20, 2025.\u00a0<\/p>\n

Based on this timeline, Master Kenobi believes Dogecoin could hit a new ATH<\/a> in three days, skyrocketing from its market value of $0.39 to $0.74. This considerable price surge presents a massive 89.7% increase from current prices. Looking at the chart, the analyst also indicated that Dogecoin\u2019s projected surge will be gradual, potentially surging past $0.44 to reach a new resistance level at$0.56 and then rising to an ATH price level of $0.74.<\/p>\n

<\/p>\n

Although Master Kenobi has maintained confidence in his bullish Dogecoin price projection, he also acknowledges the inherent uncertainty in his price predictions<\/a>, advising investors to remain flexible in their strategies and hold their opinions. <\/p>\n

Despite Dogecoin\u2019s recent bullish performance<\/a> ahead of Trump\u2019s inauguration, the analyst\u2019s technical analysis remains speculative and emphasizes the volatility of the crypto market. Nevertheless, the Dogecoin price is rising exponentially,<\/a> jumping by 18.8% earlier this week and retesting the $0.4 psychological level.\u00a0<\/p>\n

Analyst Says Dogecoin Bull Run Incoming<\/b><\/h2>\n

According to prominent crypto analyst Trader Tardigrade, Dogecoin\u2019s trend pattern<\/a> in 2017 closely mirrors its current movement. The analyst has shared<\/a> a chart providing a comparative analysis of Dogecoin\u2019s price action in 2017 and its projected movement in 2025.\u00a0<\/p>\n

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Both Dogecoin charts show a prolonged period of price consolidation<\/a> after achieving significant local peaks. In both 2017 and 2025, Dogecoin experienced long-term downward pressure, building support near the horizontal blue line in the chart.<\/p>\n

Additionally, the charts show a downward-sloping red trendline forming during Dogecoin\u2019s consolidation phase. Based on Trader Tardigrade\u2019s analysis, if Dogecoin can break above this trendline, it could signal the start of a massive bull run<\/a>, potentially pushing the price of the meme coin above $3 and marking a new ATH.\u00a0<\/p>\n

Featured image from Business Insider, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Dogecoin price has recently broken out of a Symmetrical Triangle pattern, signaling a potential for a bullish momentum. Interestingly, this breakout occurred just three days before Donald Trump\u2019s presidential inauguration. Due to the timeline, a crypto analyst has issued a bullish price prediction, forecasting that Dogecoin could reach new all-time highs soon.\u00a0 Dogecoin Price […]<\/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-8462","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\/8462","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=8462"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/8462\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}