Ali Martinez, the phenomenon closely followed by crypto money investors, Dogecoin (DOGE) shared his analysis. Sharing his altcoin analysis on his Twitter account, Martinez surprised everyone with his prediction for the DOGE price.
Examining the dog-themed altcoin chart, the analyst detected a triangle formation. Martinez made an astronomical bullish prediction, referring to the similar price action that occurred in the 2019-2021 range.
#Dogecoin | The last time a descending triangle developed on the monthly chart $DOGE pumped 23,200%! 👀
I'll be looking at a sustained monthly close above $0.80 for confirmation. pic.twitter.com/RVgymwIhtK
— Ali (@ali_charts) July 23, 2023
Emphasizing that the DOGE price increased by 23,000% after the previous descending triangle, Martinez found a similar pattern today. The crypto phenomenon dwelled on the possibility of an uptrend like the previous one if the Dogecoin price closes monthly above $0.80.
Altcoin fans, who commented on Martinez’s tweet, shared messages of hope for the rise, while others stated that this prediction was frivolous.
Dogecoin (DOGE) chart.On the first day of the week, most cryptocurrencies were negative, while Dogecoin gained 3.58%.
