DOGE Chart Indicates Near Breakout of Multi-Year Descending Triangle Pattern, Dogecoin Price to $1 Soon?

• Dogecoin price chart signals a near breakout of a multi-year descending triangle patern.
• DOGE price could soar to $1 soon and pump to higher highs in the bull run.
• Analysts say this could be the last time DOGE price is seen at $0.1.

As Bitcoin prepares for its inevitable pump to new ATHs amid the start of Q4, the sentiment for altseason to blossom and bloom has increased as well. In particular, some altcoins have already begun to pump and are nearing previous ATHs like SUI, FET, ADA, VET, SHIB, and many more.

All Eyes on Bullish Memecoin DOGE

Reflecting this sentiment is an influx of frenzied activity in the Dogecoin (DOGE) community today. Elon Musk, in a recent interview, mentions that he likes DOGE as it is a more fun option in the crypto market. Often known as the Dogefather, Elon Musk is most fond of DOGE and his previous mentions of the asset have almost always resulted in a price pump.

Also supporting the possibility of a massive DOGE price pump is the fact that the DOGE price chart itself is indicating major bullish signals. As we can see from the post above, the DOGE price chart seems to be repeating a bullish pattern. This pattern is a breakout of a multi-year descending triangle. 

DOGE Nears Bullish Pattern Breakout

If this pattern were to follow through, then DOGE could see a 200% price surge, followed by a 60% retracement, and then head into a bull run. Looking at the present price chart, DOGE just faced a 65% pullback meaning the pioneer memecoin could be gearing up for a massive parabolic rally. 

Another analyst says that this may be the last time the market will see DOGE price at $0.10, and encourages traders to keep a close eye on the Dogecoin chart. Analyst expert DOGE price to easily hit $1 this bull cycle and possibly soar much further than that as many expect this bull run to be the biggest one so far. 

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