Usman Salis
⬤ Dogecoin has been quietly building what traders call a "Giant Triangle" on the 6-month chart—a consolidation pattern that's taken about five years to form. The structure shows converging trendlines tightening around price action, and the technical projection from this setup points to a potential target of $1.20 if DOGE breaks out cleanly.
⬤ The chart shows clearly defined upper and lower boundaries that have been compressing over time, suggesting Dogecoin may be approaching the late stages of this long-running pattern. The projected move—measured vertically from the triangle—aligns with the $1.20 level, marking a significant potential upside from current prices.
⬤ For investors, this kind of extended consolidation often comes before major directional moves, especially in volatile assets like Dogecoin. As price nears the apex of the triangle, momentum could build quickly once a breakout occurs. Traders are likely keeping a close eye on whether DOGE can push through the upper boundary and validate the $1.20 target in the months ahead.
Usman Salis
