🚀💸$DOGE Price Ready to Shoot to US$10, Mimicking Previous Technical Pattern.

blockchainmedia.id reports that Dogecoin (DOGE), a popular cryptocurrency inspired by memes, has shown significant volatility on its daily chart, its price is ready to shoot up to US$10, forming a symmetrical triangle pattern.

This pattern is a critical indicator of the tug-of-war between bulls, who are attempting to push the price above the key resistance level of US$0.090, and bears, who are determined to pull the price lower.

DOGE price is currently at US$0.084, a clear sign that the battle between bulls and bears is intensifying. The formation of this symmetrical triangle is worth paying attention to because it indicates the possibility of a breakout.

Historically, such patterns often precede significant price movements, indicating that DOGE could be on the verge of a bull run. However, before such a potential surge, there is a possibility of a price decline, as indicated by the current market dynamics.

Amid these market dynamics, analyst Ali Martinez provides a bullish outlook for DOGE, suggesting a possible breakout reminiscent of the memecoin's incredible rally in 2020.

Martinez's analysis, based on patterns observed on weekly charts, implies that Dogecoin could approach the US$10 mark in a future bull run, highlighting optimistic sentiment among some market participants.

"At that time, DOGE exited the descending triangle, entered a consolidation period, and then skyrocketed by 28,770 percent," Ali said in a tweet. #DOGE🐶💸📈📅