Dogecoin (DOGE) Price Prediction: Two Renowned Crypto Analysts Anticipate a Significant Price Move

Two respected crypto analysts, Ali Martinez (@ali_charts) and CW (@CW8900), have each published technical charts indicating that Dogecoin (DOGE) appears poised for a significant price move.

Two respected crypto analysts, Ali Martinez (@ali_charts) and CW (@CW8900), have each published technical charts indicating that Dogecoin (DOGE) appears poised for a significant price move. Their analyses, while conducted on different timeframes and highlight different breakout patterns that have been preventing any major swings over the last few weeks.

Dogecoin Could Surge 16% (1-Hour Chart)

Presenting a one-hour Dogecoin chart on X, Martinez highlighted the token trading within a symmetrical triangle pattern. According to him, DOGE initially saw a steep decline—approximately 16.46%—from around $0.18, dropping just above $0.14 before recovering and forming progressively higher lows.

The upper limit of the triangle rests near $0.18, while the lower support line extends upward from the vicinity of $0.144. According to Martinez, this $0.16–$0.18 corridor has served as a point of contention, preventing any decisive breakout.

However, he observed that a clear and convincing hourly candle close above this zone might release the buying pressure that has been consolidating over the past ten days. Citing symmetrical triangle theory, he estimates that such a breakout could spark a 16% upswing from the breakout point.

“Dogecoin will break out! A close outside $0.16-$0.18 could trigger a 16% price move. After a 16.46% decline from around $0.18, #Dogecoin recovered and tested the sellers' strength multiple times, forming higher lows at around $0.14. The buyers managed to defend the lower support levels as the price action bounced back up. This constant back-and-forth action led to the formation of a symmetrical triangle pattern. The upper limit of the triangle is around $0.18, while the lower support line extends upward from around $0.144. This $0.16-$0.18 corridor has been a point of contention, preventing any decisive breakout. However, a clear and clean hourly candle close above this zone could finally release the buying pressure that has been building over the past 10 days. According to symmetrical triangle theory, such a breakout could drive up to a 16% price move from the breakout point. A close outside this zone will be crucial to watch out for. Is #Dogecoin ready to breakout? We will have to wait and see. But if it does, it could be a significant move.