DOGE Technical Analysis: DOGE Awaits Triangle Breakout

In response to ongoing uncertainty in the crypto market, the DOGE technical analysis reveals a symmetrical triangle pattern. Can the potential rally hit $0.1? Key Technical Points: The DOGE price is nearing the triangle pattern apex DOGE prices may surge 10.5% higher before hitting descending trendline The 24-hour trading volume of Dogecoin is $369 Million, indicating a rise of 2.3%. Past Performance of DOGE Following a dramatic fall in early May, the DOGE sellers started responding to a descending trendline leading to its ongoing downfall. This trendline providing constant resistance to the coin price has limited the bullish growth to a specific limit. However, on the flip side, an upcoming support trendline has controlled the downside approach, offering a recovery opportunity to coin holders. Source – Tradingview DOGE Technical Analysis The DOGE price chart wobbling between the converging trendline showcased the formation of a symmetrical triangle pattern. The altcoin bounced back from the $0.057 mark and has surged 6% in the past three days, triggering a new bull cycle with the pattern. The coin price started recovering even though a bearish crossover of MACD indicator slopes suggests the buyers are wrestling for trend control. Moreover, the fast and slow line near to perform a bullish crossover may encourage the current rally. The RSI indicator projects uncertainty among market participants as its slopes wobble around the ...