Close Menu
Global News HQ
    What's Hot

    Moisés Nieto Spain Fall 2025 Collection

    June 2, 2025

    China accuses US of ‘severely violating’ trade truce

    June 2, 2025

    Majority of Crypto Users Start With Meme Coins Before Expanding Portfolios: Gemini Report

    June 2, 2025
    Recent Posts
    • Moisés Nieto Spain Fall 2025 Collection
    • China accuses US of ‘severely violating’ trade truce
    • Majority of Crypto Users Start With Meme Coins Before Expanding Portfolios: Gemini Report
    • How to watch Cruz Azul vs. Vancouver Whitecaps online for free
    • To survive Trump’s tariffs, small businesses need a Marshall Plan
    Facebook X (Twitter) Instagram YouTube TikTok
    Trending
    • Moisés Nieto Spain Fall 2025 Collection
    • China accuses US of ‘severely violating’ trade truce
    • Majority of Crypto Users Start With Meme Coins Before Expanding Portfolios: Gemini Report
    • How to watch Cruz Azul vs. Vancouver Whitecaps online for free
    • To survive Trump’s tariffs, small businesses need a Marshall Plan
    • The Pinot Noir Maestro Who Turned His Side Hustle Into Incredible Wine
    • Craig Conover Declares His Latest Career Move a “Dream Come True” | Bravo
    • 2 No-Brainer Artificial Intelligence (AI) Stocks to Buy Hand Over Fist During the TACO Trade | The Motley Fool
    Global News HQ
    • Technology & Gadgets
    • Travel & Tourism (Luxury)
    • Health & Wellness (Specialized)
    • Home Improvement & Remodeling
    • Luxury Goods & Services
    • Home
    • Finance & Investment
    • Insurance
    • Legal
    • Real Estate
    • More
      • Cryptocurrency & Blockchain
      • E-commerce & Retail
      • Business & Entrepreneurship
      • Automotive (Car Deals & Maintenance)
    Global News HQ
    Home - Cryptocurrency & Blockchain - Dogecoin Breaks Under Ascending Triangle: 16% Crash Incoming?
    Cryptocurrency & Blockchain

    Dogecoin Breaks Under Ascending Triangle: 16% Crash Incoming?

    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
    Dogecoin Breaks Under Ascending Triangle: 16% Crash Incoming?
    Share
    Facebook Twitter LinkedIn Pinterest Email


    An analyst has pointed out how Dogecoin could end up seeing an extended drawdown, based on this Ascending Triangle pattern forming in its hourly price.

    Dogecoin Has Lost The Support Of An Ascending Triangle Recently

    In a new post on X, analyst Ali Martinez has talked about an Ascending Triangle pattern for Dogecoin. The “Ascending Triangle” refers to a technical analysis (TA) formation that appears when the price of an asset consolidates inside a triangular region.

    The ‘Ascending’ in the pattern’s name comes from the fact that this consolidation happens towards a net upside. There are two trendlines in this pattern: an upper level that’s parallel to the time-axis, tracing successive highs, and a lower one that has a positive slope, connecting successive higher lows.

    Just like with any other consolidation pattern in TA, the upper level of the triangle is likely to be a source of resistance in the near future, while the lower one that of support. A break out of either of these boundaries can signal a continuation of trend in that direction.

    The Ascending Triangle isn’t the only type of triangular pattern in TA, two other popular varieties include the Descending Triangle and Symmetrical Triangle. The former of these is just the opposite of the Ascending Triangle: it forms when the price consolidates to the downside instead.

    The latter, the Symmetrical Triangle, is a sort of middle-ground between the Ascending and Descending versions, with both of its trendlines having an equal and opposite slope. That is, when the asset is inside this pattern, it converges at a mid-point.

    Recently, Dogecoin’s 1-hour price looked like it was following an Ascending Triangle. Here is the chart shared by Martinez, that shows this pattern for the memecoin:

    As is visible in the above graph, the hourly Dogecoin price recently made a retest of the lower line of this Ascending Triangle, but it would appear the coin has been unsuccessful in finding support at it, as it has slipped right through.

    From the graph, it’s apparent that the memecoin wasn’t far from the apex of the triangle when this break came. Consolidation gets narrower as an asset reaches the end of the pattern, so breakouts start to become more likely.

    As mentioned before, a breakout can mean a potential continuation of trend in the direction of the break. So, in this case, DOGE has just witnessed a bearish signal. Often, the length of a move emerging out of an Ascending Triangle breakout is of the same length as the height of the triangle itself. Based on this, the analyst notes a 16% price swing could occur for the coin as a result of pattern.

    DOGE Price

    Dogecoin has taken to flat movement in the past week as its price is still floating around the $0.16 mark.

    Dogecoin Price Chart



    Source link

    doge Dogecoin Dogecoin Ascending Triangle Dogecoin Crash dogeusdt
    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
    Previous ArticleWomen Who Struggle To Orgasm Say This Helped Them Discover A New Level Of Pleasure
    Next Article Omega Flex Stock: Buy, Sell, or Hold? | The Motley Fool

    Related Posts

    Majority of Crypto Users Start With Meme Coins Before Expanding Portfolios: Gemini Report

    June 2, 2025

    Bitcoin Maxi Max Keiser Isn’t Buying The Hype Around New Crypto Holding Companies

    June 1, 2025

    Hyperliquid Bitcoin whale loses $100 million as BTC price falls below $105K

    June 1, 2025

    France charges 25 over crypto kidnapping spree in Paris

    June 1, 2025
    Leave A Reply Cancel Reply

    ads
    Don't Miss
    Luxury Goods & Services
    1 Min Read

    Moisés Nieto Spain Fall 2025 Collection

    This season, Moisés Nieto celebrated the 15th anniversary of his brand, but instead of a…

    China accuses US of ‘severely violating’ trade truce

    June 2, 2025

    Majority of Crypto Users Start With Meme Coins Before Expanding Portfolios: Gemini Report

    June 2, 2025

    How to watch Cruz Azul vs. Vancouver Whitecaps online for free

    June 2, 2025
    Top
    Luxury Goods & Services
    1 Min Read

    Moisés Nieto Spain Fall 2025 Collection

    This season, Moisés Nieto celebrated the 15th anniversary of his brand, but instead of a…

    China accuses US of ‘severely violating’ trade truce

    June 2, 2025

    Majority of Crypto Users Start With Meme Coins Before Expanding Portfolios: Gemini Report

    June 2, 2025
    Our Picks
    Luxury Goods & Services
    1 Min Read

    Moisés Nieto Spain Fall 2025 Collection

    This season, Moisés Nieto celebrated the 15th anniversary of his brand, but instead of a…

    Finance & Investment
    2 Mins Read

    China accuses US of ‘severely violating’ trade truce

    Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means…

    Pages
    • About Us
    • Contact Us
    • Disclaimer
    • Homepage
    • Privacy Policy
    Facebook X (Twitter) Instagram YouTube TikTok
    • Home
    © 2025 Global News HQ .

    Type above and press Enter to search. Press Esc to cancel.

    Go to mobile version