The Dogecoin price chart hints at a potential ascending triangle pattern formation, which could propel its price to new levels. In an X (formerly Twitter) post, a crypto analyst revealed that if the popular meme coin succeeds in creating this bullish technical pattern, it could trigger a price surge to $0.56.

Dogecoin Price Eyes $0.5 Surge 

According to crypto analyst Rekt Capital, Dogecoin is showing signs of forming a possible Ascending Triangle pattern on its price chart, signaling a potential breakout to a new price target at $0.56 target. Typically, an Ascending Triangle forms when a cryptocurrency breaches the upper horizontal trend line with a subsequent rise in volume. This technical indicator is often flagged as bullish as it forms during an uptrend as a continuation pattern. 

Rekt Capital’s Dogecoin chart highlights the cryptocurrency’s price action this Q4, pinpointing a potential Ascending Triangle formation that appears to have started following DOGE’s recent price rally. Earlier this month, the Dogecoin price skyrocketed from around $0.2 to over $0.4, recording impressive gains as the demand for meme coins surged. 

Based on the analyst’s statements, this bullish trend could be augmented if the Ascending triangle formation is confirmed. Rekt Capital has revealed that if the current pattern in the Dogecoin chart is indeed an Ascending triangle, the cryptocurrency could witness a significant price increase to $0.569. 

The analyst also reveals that if Dogecoin successfully forms this triangle pattern, it could increase investor confidence and trigger money flow into other meme coins. Similar to how a Bitcoin price rally influences the trajectory of lower-cap altcoins, a Dogecoin price surge also impacts other meme coins in the market.  

More often than not, meme coins like Shiba Inu (SHIB), Pepe (PEPE) and others tend to follow Dogecoin’s bullish trend, experiencing major price increases after the DOGE’s momentum diminishes slightly. 

For the Ascending Triangle pattern to be confirmed, Rekt Capital has revealed that Dogecoin needs to close a daily candle above the resistance level at $0.43. This means the meme coin must trade above this level to move towards $0.56 or higher. 

Analyst Says Dogecoin’s Real Target Is Above $2

Prominent crypto analyst Bluntz has disclosed that the real price target for Dogecoin this cycle is $2.2. The analyst acknowledged that the Dogecoin price could reach $1, but this target was a bit underwhelming for the popular meme coin. 

Bluntz has also revealed that the DOGE/BTC pair has had an impressive performance this year, and he expects it to hit a new all-time high this cycle. Currently, at 0.00000436, the analyst projected a rise to 0.00002, marking a 373.68% increase at the 1.618 Fibonacci level. 

Currently, the price of Dogecoin is $0.42, reflecting a 6.5% surge in the last 24 hours despite declining by over 6% in the past week. CoinMarketCap’s data has also revealed that the Dogecoin daily trading volume is up 82%, underscoring increasing interest and demand from investors. 

Featured image created with Dall.E, chart from Tradingview.com

Orbs, a leading layer-3 blockchain infrastructure provider, celebrating significant milestones following its strategic partnership with THENA. The largest crypto exchange Binance listing THENA marked a pivotal achievement in the partnership, supported by Orbs’ investment and technical expertise. It has expanded its offerings, attracting a broader user base and driving innovation in decentralized finance.

Orbs and THENA Partnership Drives Innovation in DeFi

Orbs has strengthened its position as a leading blockchain infrastructure provider through its collaboration with THENA, a decentralized exchange built on the BNB Chain, as reported in the ORBS press release. Since the partnership began in March 2023, Orbs has supported THENA with strategic investments, advanced Layer-3 trading technologies, and targeted market expansion efforts.

This synergy has introduced advanced features like dTWAP, dLIMIT, and Liquidity Hub, boosting trading efficiency and liquidity management. The introduction of Perpetual Hub further enabled leveraged trading with reduced collateral, setting THENA apart in the DeFi space. A $600,000 investment also helped accelerate its roadmap and enhance long-term development.

A breakthrough in their efforts was THENA’s listing on the leading crypto exchange Binance. The accompanying airdrop campaign drew significant user interest, elevating the platform’s visibility and adoption. These advancements highlight the impact of their collaboration in reshaping decentralized finance and on-chain trading.

This partnership illustrates how forward-thinking technology and financial support can redefine blockchain innovation, showcasing the potential of next-generation infrastructure to transform DeFi ecosystems.

How Are the Tokens Performing in the Market?

THENA’s price is currently at $2.70, marking an 8% dip in the past 24 hours. However, the token has surged by 1,200% over the week following its Binance listing announcement. Its daily high and low range between $3.13 and $2.661, with a market cap of $212 million and trading volume reaching $452 million showcasing heightened investor interest.

On the other hand, ORBS price is trading at $0.037, with a 24-hour range of $0.033 to $0.03789. It has gained 12% in the past week and 18% over the month, indicating steady growth despite Binance delisting it during a routine review. ORBS boasts a market cap of $118 million and a trading volume of $43 million, reflecting continued demand for the Layer-3 blockchain project.

These contrasting performances underline THENA’s immediate impact from its Binance listing and Orbs’ sustained growth trajectory as a blockchain infrastructure provider. Both tokens demonstrate strong market activity, driven by their expanding ecosystems and technological advancements.

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