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Analyst Ali Martinez said that Dogecoin DOGE $0.09 Dogecoin 3.44% Market capitalization $13.9 billion VOL. 24 hours $57.87 million is «squeezed» in a triangle on the 4-hour chart and could show a price movement of about 37%. He emphasized that he did not make a prediction about the direction — up or down, but only pointed out the scale of the potential movement.
According to him, a descending triangle is forming on the chart: the price is making lower highs under a downtrend line. Such a pattern is often considered a signal of gradual strengthening of sellers, but it does not guarantee where the breakout will occur. When part of the audience took his words as a bullish signal, Martinez replied: «Who said the move will be up?»
Technical indicators show a contradictory picture. According to TradingView, the MACD for DOGE gave a Buy signal, Bull Bear Power remained in the Neutral zone, and the Awesome Oscillator showed a Sell signal.
On Polymarket, the probability that Dogecoin will end March above $ 0.15 has dropped sharply, from 47% at the beginning of the month to just 4%.
According to Benzinga Pro, Dogecoin is currently trading at $ 0.9 058. Over the past 24 hours, it has added 1.31%, but since the beginning of the year, the drop is almost 30%. Thus, the market is in a phase of uncertainty: a breakout is expected, but the direction of movement remains open.