Dogecoin Set for Potential 60% Price Move Amid Triangle Pattern

An analyst indicates that Dogecoin is approaching a critical price movement, potentially up to 60%. The asset is currently within a triangular pattern on the daily chart.

Key Points

Dogecoin is forming a symmetrical triangle with converging trendlines.
The upper trendline is likely resistance; the lower trendline acts as support.
A breakout above $0.22 or below $0.16 will determine the future price direction.
Current price of Dogecoin is approximately $0.168, having decreased over 11% in the last week.

As the price approaches the apex of the triangle, volatility is expected to increase, leading to significant price movement.