Can DOGE reach $0.1 as it breaks out of multi-year bearish pattern?
A fresh wave of investor optimism has breathed new life into the crypto markets over the past week, driving Bitcoin (BTC) above the elusive $34,000 threshold, a level it hadn’t seen since May 2022. Notably, amidst this resurgence, Dogecoin (DOGE), the leading meme-inspired cryptocurrency, emerged as one of the standout performers. However, the excitement surrounding DOGE’s fortunes may not be over. On October 29, renowned cryptocurrency analyst Ali Martinez unveiled a significant bullish development for this unconventional digital asset, signaling potential further gains on the horizon. According to Martinez, also known as ali_charts on X, Dogecoin is demonstrating “promising signs,” with the cryptocurrency “ break ing out of a multi-year descending triangle” on the weekly chart. DOGE breaks out of a multi-year descending triangle pattern. Source: Ali Martinez Cryptocurrency DOGE, SHIB, and ADA hint at correction before bullish continuation Cryp