{"id":667022,"date":"2024-12-25T16:00:26","date_gmt":"2024-12-25T16:00:26","guid":{"rendered":"https:\/\/ktsl888.com\/?p=667022"},"modified":"2024-12-25T11:10:22","modified_gmt":"2024-12-25T11:10:22","slug":"dogecoin-price-symmetrical","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/dogecoin\/dogecoin-price-symmetrical\/","title":{"rendered":"Dogecoin Price Breaks Out Of Symmetrical Triangle Pattern, Analyst Puts Target Above $0.37"},"content":{"rendered":"

A crypto analyst, known as \u2018CryptoSanders9563\u2019, disclosed in a <\/span>report<\/span><\/a> on TradingView that the Dogecoin price has broken out of a symmetrical triangle pattern. This technical pattern, signaling a <\/span>bullish continuation for Dogecoin<\/span><\/a>, is expected to trigger a price surge to a new target above $0.375.\u00a0<\/span><\/p>\n

Symmetrical Triangle To Drive Dogecoin Price Above $0.37<\/h2>\n

CryptoSanders has shared a <\/span>Dogecoin price chart<\/span><\/a>, showing a symmetrical triangle pattern formed by converging trendlines. According to the TradingView analyst, Dogecoin\u2019s price broke above the symmetrical triangle\u2019s upper trendline at approximately $0.316, confirming a <\/span>bullish breakout <\/span><\/a>and signaling a potential surge to a new price target above $0.375.\u00a0<\/span><\/p>\n

Related Reading: Bitcoin Price Can Recover To $107,000 Again If This Important Level Is Broken<\/a><\/div>\n
\"Dogecoin
Source: TradingView<\/figcaption><\/figure>\n

A <\/span>symmetrical triangle<\/span><\/a> is a chart pattern that signals a period of consolidation before a price breakout. When the price of a cryptocurrency experiences a breakout from this pattern, it often indicates the start of a new trend or a continuation of a former trend. As a result, breaking out of the lower trendline marks the beginning of a bearish phase and vice versa.<\/span><\/p>\n

CryptoSanders has revealed that <\/span>Dogecoin\u2019s price breakout<\/span><\/a> is accompanied by continued price action above critical moving averages, further strengthening its bullish setup. At the time of the analyst\u2019s report, the Dogecoin price was trading above the 50 <\/span>Exponential Moving Average (EMA) <\/span><\/a>and the 200-EMA.\u00a0<\/span><\/p>\n

These two moving averages are critical indicators that suggest a continued upward momentum in the Dogecoin price. The TradingView analyst has surmised that converging both moving averages could be a dynamic support for Dogecoin, potentially fortifying its <\/span>upside momentum<\/span><\/a>.\u00a0<\/span><\/p>\n

Following the recent breakout from the symmetrical triangle pattern, the analyst has pinpointed $0.375 as Dogecoin’s next <\/span>significant resistance level<\/span><\/a>. This price point is also a psychological level for Dogecoin, triggering profit-taking for investors.\u00a0<\/span><\/p>\n

If the Dogecoin price can break above the $0.375 resistance level, it could trigger a more substantial <\/span>price rally to new highs<\/span><\/a>. However, a failure to breach this level could catalyze another downtrend, potentially pushing Dogecoin\u2019s price to the $0.306 support level.\u00a0<\/span><\/p>\n

Dogecoin Trade Setup and Strategy\u00a0<\/span><\/h2>\n

While sharing his <\/span>optimistic projection<\/span><\/a> for Dogecoin\u2019s price trajectory, CryptoSanders also outlined a well-defined trade strategy for investors looking to capitalize on this symmetrical triangle breakout.\u00a0<\/span><\/p>\n

Related Reading: XRP Price Prediction: Wave 2 And 5 Targets Put XRP At $7 And $13<\/a><\/div>\n

The analyst pinpointed an entry zone at the $0.316 price level after the confirmation of the breakout. A stop loss of $0.306 has been set to mitigate downside risk and avoid financial loss in the event of a failed breakout.\u00a0<\/span><\/p>\n

Furthermore, the previously projected target of $0.375 has been reaffirmed as the primary <\/span>profit-taking zone<\/span><\/a>, coinciding with the highlighted resistance area on the chart. CryptoSanders has revealed that this trade setup offers a favorable risk-to-reward ratio. Investors can potentially earn a significant profit as long as the price of Dogecoin holds above the breakout level and the stop loss is respected.\u00a0<\/span><\/p>\n

\"Dogecoin
DOGE price briefly touches $0.34 | Source: DOGEUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

A crypto analyst, known as \u2018CryptoSanders9563\u2019, disclosed in a report on TradingView that the Dogecoin price has broken out of a symmetrical triangle pattern. This technical pattern, signaling a bullish continuation for Dogecoin, is expected to trigger a price surge to a new target above $0.375.\u00a0 Symmetrical Triangle To Drive Dogecoin Price Above $0.37 CryptoSanders has shared a Dogecoin price chart, showing a symmetrical triangle pattern formed by converging trendlines. According to the TradingView analyst, Dogecoin\u2019s price broke above the symmetrical triangle\u2019s upper trendline at approximately $0.316, confirming a bullish breakout and signaling a potential surge to a new price target above $0.375.\u00a0 Related Reading: Bitcoin Price Can Recover To $107,000 Again If This Important Level Is Broken A symmetrical triangle is a chart pattern that signals a period of consolidation before a price breakout. When the price of a cryptocurrency experiences a breakout from this pattern, it often indicates the start of a new trend or a continuation of a former trend. As a result, breaking out of the lower trendline marks the beginning of a bearish phase and vice versa. CryptoSanders has revealed that Dogecoin\u2019s price breakout is accompanied by continued price action above critical moving averages, further strengthening its bullish setup. At the time of the analyst\u2019s report, the Dogecoin price was trading above the 50 Exponential Moving Average (EMA) and the 200-EMA.\u00a0 These two moving averages are critical indicators that suggest a continued upward momentum in the Dogecoin price. The TradingView analyst has surmised that converging both moving averages could be a dynamic support for Dogecoin, potentially fortifying its upside momentum.\u00a0 Following the recent breakout from the symmetrical triangle pattern, the analyst has pinpointed $0.375 as Dogecoin’s next significant resistance level. This price point is also a psychological level for Dogecoin, triggering profit-taking for investors.\u00a0 If the Dogecoin price can break above the $0.375 resistance level, it could trigger a more substantial price rally to new highs. However, a failure to breach this level could catalyze another downtrend, potentially pushing Dogecoin\u2019s price to the $0.306 support level.\u00a0 Dogecoin Trade Setup and Strategy\u00a0 While sharing his optimistic projection for Dogecoin\u2019s price trajectory, CryptoSanders also outlined a well-defined trade strategy for investors looking to capitalize on this symmetrical triangle breakout.\u00a0 Related Reading: XRP Price Prediction: Wave 2 And 5 Targets Put XRP At $7 And $13 The analyst pinpointed an entry zone at the $0.316 price level after the confirmation of the breakout. A stop loss of $0.306 has been set to mitigate downside risk and avoid financial loss in the event of a failed breakout.\u00a0 Furthermore, the previously projected target of $0.375 has been reaffirmed as the primary profit-taking zone, coinciding with the highlighted resistance area on the chart. CryptoSanders has revealed that this trade setup offers a favorable risk-to-reward ratio. Investors can potentially earn a significant profit as long as the price of Dogecoin holds above the breakout level and the stop loss is respected.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":642256,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83685],"tags":[167,6664,26263,14690,1785,89174,85675,7,1803,1804,79599,79600],"class_list":["post-667022","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-doge","tag-doge-news","tag-doge-price","tag-dogecoin","tag-dogecoin-news","tag-dogecoin-price","tag-dogeusd","tag-dogeusdt"],"acf":[],"yoast_head":"\nDogecoin Price Breaks Out Of Symmetrical Triangle Pattern, Analyst Puts Target 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/ktsl888.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Dogecoin Price Breaks Out Of Symmetrical Triangle Pattern, Analyst Puts Target Above $0.37","url":"http:\/\/ktsl888.com\/news\/dogecoin\/dogecoin-price-symmetrical\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/dogecoin\/dogecoin-price-symmetrical\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/Dogecoin_7af57f.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/Dogecoin_7af57f.jpeg?fit=1792%2C1024"},"articleSection":"Dogecoin","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["analyst","crypto","crypto analyst","crypto news","doge","doge news","doge price","dogecoin","dogecoin news","dogecoin price","dogeusd","dogeusdt"],"dateCreated":"2024-12-25T16:00:26Z","datePublished":"2024-12-25T16:00:26Z","dateModified":"2024-12-25T16:00:26Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Dogecoin Price Breaks Out Of Symmetrical Triangle Pattern, Analyst Puts Target Above $0.37\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/dogecoin\\\/dogecoin-price-symmetrical\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/dogecoin\\\/dogecoin-price-symmetrical\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Dogecoin_7af57f.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Dogecoin_7af57f.jpeg?fit=1792%2C1024\"},\"articleSection\":\"Dogecoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"analyst\",\"crypto\",\"crypto analyst\",\"crypto news\",\"doge\",\"doge news\",\"doge price\",\"dogecoin\",\"dogecoin news\",\"dogecoin price\",\"dogeusd\",\"dogeusdt\"],\"dateCreated\":\"2024-12-25T16:00:26Z\",\"datePublished\":\"2024-12-25T16:00:26Z\",\"dateModified\":\"2024-12-25T16:00:26Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/Dogecoin_7af57f.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/667022","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=667022"}],"version-history":[{"count":1,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/667022\/revisions"}],"predecessor-version":[{"id":667038,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/667022\/revisions\/667038"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/642256"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=667022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=667022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=667022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}