Dogecoin, the popular meme coin, is making waves once again. A recent tweet by renowned analyst Ali Martinez has made waves in the crypto community, hinting at the potential for a significant rally for DOGE.
In a Twitter post that quickly gained traction, Martinez highlighted an intriguing pattern on the monthly chart of Dogecoin. According to the analyst, the last time a descending triangle formed on the weekly chart, DOGE experienced a jaw-dropping pump of 23,200%. Now, as history could repeat itself, Martinez is keeping a close eye on a crucial resistance for confirmation. As the tweet states:
Dogecoin: The last time a descending triangle developed on the weekly chart DOGE pumped 23,200%. I’ll be looking at a sustained monthly close above $0.80 for confirmation.
The journey for Dogecoin has been quite the rollercoaster ride. Back in January 2018, DOGE reached an all-time high of nearly $0.02, only to enter a prolonged phase of consolidation, forming the descending triangle over th
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