Dogecoin’s Wild Ride: Will It Soar 16% or Just Bark? 🐶💸

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So, two crypto analysts—Ali Martinez and CW—are throwing around some fancy charts like they’re the new Picasso of Dogecoin. Apparently, they both think DOGE is about to make a move that’s more dramatic than a reality TV star’s breakup. 💔

Dogecoin Could Surge 16% (1-Hour Chart)

Ali Martinez whipped out a one-hour chart that looks like a geometry problem gone wrong. He claims DOGE was on a rollercoaster ride, dropping 16.46% from around $0.18 to just above $0.14. But don’t worry, it’s back on the rise, forming higher lows like it’s trying to impress someone. 🙄

According to Ali, the upper limit of this triangle is around $0.18, while the lower support line is hanging out near $0.144. He’s all about that $0.16–$0.18 zone, which has been keeping DOGE’s price action as contained as a cat in a bathtub. 🐱

Ali’s got his eyes on a breakout, saying that if DOGE can close above that zone, it might just unleash a buying frenzy that’s been pent up like a kid waiting for Christmas. “Dogecoin will break out! A close outside $0.16-$0.18 could trigger a 16% price move,” he tweeted, probably while sipping a pumpkin spice latte. ☕

Falling Wedge Breakout (1-Day Chart)

Now, CW is over here with a daily chart that looks like a sad face emoji. He’s talking about a falling wedge that stretches back to December 2024, when DOGE was living its best life at around $0.48 before it decided to take a nosedive. 😱

In CW’s world, a falling wedge means lower highs and lower lows, which sounds like a bad relationship. But he’s optimistic! He says DOGE just crossed above the wedge’s resistance line, which is like finding a $20 bill in your old jeans. 💵

He’s also throwing around Fibonacci levels like confetti at a New Year’s party. He’s got numbers like $0.2027 and $0.2564 all mapped out, and he thinks DOGE could climb through them like a squirrel on a power line—if the market doesn’t throw a tantrum. Ultimately, he’s dreaming of a $0.71 price tag, which is a bit like hoping for a unicorn. 🦄

As of now, DOGE is chilling at $0.17, probably contemplating its next move like a cat deciding whether to jump on the counter. 🐾

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2025-03-21 08:47