DOGE Escapes Bearish Pattern; Could Lead To Meme Coin Rally

• Crypto Tony revealed in an X post that DOGE was able to escape a bearish pattern on its weekly chart.
• According to the post, DOGE maintaining a position above this pattern may lead to a meme coin rally in the next few weeks.
• At press time, DOGE was trading hands at $0.06885 following a 1.76% 24-hour gain.

The cryptocurrency trader and analyst Crypto Tony revealed in an X post yesterday that Dogecoin (DOGE) is retesting the upper level of a long-term descending triangle on its weekly chart. In the post, the analyst stated that DOGE maintaining a position above the bearish chart pattern for the next few weeks could lead to a strong pump for meme coins.

The collective market capitalization for meme coins rose 3.04% over the past 24 hours, according to data from CoinMarketCap. This positive performance coincided with the rise seen in the broader market’s cap of 2.51% during the same period. Subsequently, the meme coin market was valu…

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