- DOGE price prediction shows the crypto asset is on an upward trend after rally past lower trend line of ascending triangle pattern.
- Critical technical indicators show a significant supply barrier at the $0.06 region, set to determine Dogecoin’s fate.
- If DOGE closes the day above the resistance level, it could trigger a 10 percent upwards move towards $0.07.
Since the start of the month, Ripple price surges have been accompanied by high volumes of tweets on social media, which have managed to hit an all-time high. Also, Dogecoin appears to be forming an optimistic consolidation pattern indicating a massive appreciation in value if critical regions of concern are bypassed.
DOGE Price Prediction: General price overview
According to Dogecoin’s price movement, it appears it has formed 3 unique higher lows as a result of the ongoing buying rush. From the daily chart, it is clear that the recovery from these higher lows grew fatigued at the $0.063 region, forming a series of highs. If you attempt to link the focal points using trend lines, you will notice an ascending triangular pattern formation. And as such, the technical pattern speaks a bullish narrative, projecting a 30 percent price surge. This is determined by calculating the distance between the focal points recorded on the 14th and 25th of February. When you add the result to the $0.063 breakout point, you will get the 30 percent projected surge, which tallies up to around $0.086.