Dogecoin Analyst Predicts Potential 138% Price Surge Following Breakout

Dogecoin (DOGE) is showing signs of a potential breakout from a falling-wedge formation, according to analyst World Of Charts. The analysis suggests a possible threefold price increase following previous patterns.

Key Points

Previous prediction indicated DOGE could triple in value; current analysis expects the same.
Price compression noted since December, with recent rallies failing under a descending resistance trendline around $0.155.
Current breakout above $0.17 projects a target near $0.39, representing a 138% potential gain.
If the pattern mirrors last year’s wedge, DOGE could reach approximately $0.65.
Volume has decreased during consolidation, indicating a typical pre-breakout scenario.
BTC's performance remains crucial; if it surpasses $89K, DOGE could quickly return to $0.26.
A daily close above the trendline would confirm the breakout; failure could lead to a decline towards $0.13 or $0.11.
Current trading price of DOGE is $0.1641.