Currently, DOGE is trading at around $0.2628 after tanking to areas below the 100 four-hour Simple Moving Average (SMA) on November 05.
Furthermore, Dogecoin continues consolidating between the $0.24 and the $0.28 sentimental levels. Notably, that’s between October 05 and October 25.
More so, The general market correction on October 26 sees DOGE decline to around $0.21. That’s, before recovering to consolidate above $0.235.
Also, ‘DOGE Army’ reacts to the fact that SHIB is above Dogecoin. Of course, this shoot DOGE as much as 50% to touching $0.355 levels.
DOGE Price Chart Pattern Targets $0.34
So, Dogecoin price shows a symmetrical triangle pattern on the four-hour chart. Which of course, signifies the bulls and the bears are cancelling out.
More so, The horizontal price action shows a decreasing price volatility hint. Then, it indicates a possible breakout in either direction over the coming sessions.
Also, This comes true by flattening the moving averages and the Position of the Relative Strength Index (RSI) indicator at 45.2, close to the middle line.
Furthermore, The target of the symmetrical triangle is a 28% move either upwards or downwards.
Additionally, Dogecoin could favour the bulls and breakout the resistance line. Then, it will bring it to hit the 28% upswing to $0.34.
Invariably, DOGE price could favour the bears and sees 28% decline to $0.18.
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