A crypto market commentator has identified potential technical signals that could drive Dogecoin's price upwards.
According to the analyst, Dogecoin has completed a 'perfect ABC correction' on the daily chart, which suggests a strong buy signal. The correction is accompanied by bullish divergence on the MACD, indicating a possible reversal in the short-term trend.
The analyst also points to a breakout from a triangle pattern on the 45-minute chart as another indicator of an impending price increase. This breakout has been seen in other cryptocurrencies such as Bitcoin and XRP before their respective price surges.