Dogecoin

Time

Leading cryptocurrency Dogecoin ($DOGE) may be on the brink of a significant breakout, according to insights from renowned Twitter analysts. 
Famous technical analysis expert, Ali from @ali_charts, recently commented on the potential for a bullish breakout for Dogecoin. 
Drawing attention to a pivotal mark, <a href="https://twitter.com/ali_charts/status/1687883163522187264" target="_blank" rel="noopener noreferrer nofollow">Ali tweeted</a>, “A sustained weekly close above $0.080 will be my green light. But if it dips below $0.067, I’ll reconsider.” This sentiment harkens back to a prior observation made by the analyst on July 23rd, where he noted a similar pattern. 
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Back then, he commented on the development of a descending triangle on Dogecoin’s monthly chart, highlighting that the last such occurrence resulted in a staggering 23,200% surge for $DOGE. 
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Complementing Ali’s analysis, well-known trader<a href="https://twitter.com/Vires_Num3ris/status/1687893852529549312" target="_blank" rel="noopener noreferrer nofollow"> Colin <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f43b.png" alt="🐻" class="wp-smiley" style="height: 1em; max-height: 1em;">d<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6e1.png" alt="🛡" class="wp-smiley" style="height: 1em; max-height: 1em;">, or @Vires_Num3ris</a>, delved deeper into the long-term prospects for Dogecoin. He acknowledged the healthiness of the $DOGE chart and raised intriguing possibilities based on the Lindy effect, unit bias, and influence from billionaire Elon Musk. Offering a cautious yet optimistic stance, he stated, “Elon has me thinking $1+ is not as delusional as it once seemed.” 
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However, it wasn’t all bullish sentiment for Dogecoin. Colin contemplated the potential for the cryptocurrency to test the top of its current channel by September 2024, which would situate it at $30. To put this in perspective, that would require a market cap of $4 trillion, or a 400-fold increase. Such a jump, in Colin’s words, “DOES seem pretty delusional.” 
Nonetheless, Colin didn’t entirely dismiss the prospect of major gains in 2024. He suggested that a notable divergence between equities and crypto could lead to a scenario where significant profits arise in the crypto sphere. The rollout of crypto ETFs, coupled with a decline in equities, might divert increased attention to cryptocurrencies, sparking intense market excitement. 
Concluding his thread, Colin tempered expectations, stating, “The last bull cycle was comparatively anemic (particularly for #bitcoin), so perhaps this next one exceeds expectations once again.” However, he also added a note of caution, indicating that he currently doesn’t assign high odds to this theory. 
As the crypto community keeps a close eye on these predictions, only time will tell whether these bullish sentiments will materialize for Dogecoin. 
The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/dogecoin-forms-same-exact-pattern-that-last-time-unleashed-23200-surge-buckle-up/">Dogecoin Forms Same Exact Pattern That Last Time Unleashed 23,200% Surge – Buckle Up!</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.

Dogecoin Forms Same Exact Pattern That Last Time Unleashed 23,200% Surge – Buckle Up!

CaptainAltcoin

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