🔑 The Key: Holding the Support Line
Crypto analyst Ali Martinez believes Dogecoin (DOGE) could be gearing up for a major upside move 🚀. His analysis is based on a 1-year descending wedge pattern forming on the weekly chart — a structure that has historically led to strong bullish breakouts for DOGE.
⏳ What Happened?
📊 1-Year Pattern Near a Critical Point
Martinez shared on X that Dogecoin has been trading inside a descending wedge since early 2024. Recently, price pulled back to the lower trendline, testing a key support zone that previously acted as a launchpad before an upside breakout.
🔽 Descending Wedge Explained:
This pattern forms when price moves between two downward-sloping, converging trendlines.
📌 In technical analysis, it often signals:
• Bullish trend continuation
• Or a potential trend reversal
📚 History Repeating?
🧠 Past Patterns Favor the Bulls
Martinez pointed out that multiple descending wedges in Dogecoin’s past all ended with bullish breakouts 📈.
👉 The current wedge is the largest DOGE has ever formed, making it even more significant.
🔥 Why It Matters
💥 Support = Breakout Potential
“Dogecoin tends to respect wedge structures very well, and the breakout from this pattern could be powerful,” — Ali Martinez
Historical performance gives this setup strong credibility.
⚠️ The most critical factor right now is holding the current support level.
📊 According to classic technical analysis, a confirmed breakout from a descending wedge usually signals sustained upside momentum.
👀 Final Take
All eyes are on support 👇
If it holds, DOGE could be setting up for its next big move 🚀🐕
Stay sharp. The next breakout might be closer than it looks 👑
