Dogecoin Poised for a Potential 45% Surge
Dogecoin (DOGE) is showing signs of a potential rally with an upside of 45%. Analyst Ali Martinez identified a bullish flag pattern in DOGE's trading chart on Wednesday.
Bull Flag Pattern
The bull flag pattern on the chart suggests that DOGE has established support at around $0.35. If this level holds, DOGE could rise to as high as $0.56.
Support and Resistance
The $0.35 support level has been a key barrier for DOGE during recent price drops. If DOGE can maintain above this level, it could trigger an upward movement to $0.56.
Current Market Position
At press time, DOGE is trading at $0.3777, down 2.75% over the past day.
Disclaimer: This article is for informational purposes only and should not be construed as financial advice.