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Dogecoin’s (CRYPTO: DOGE) corrective phase might seem never-ending, but a popular trader predicted Monday that the next surge was not far away.
What happened: Trader Tardigrade, known for their bullish outlook on the dog-themed cryptocurrency, noted the formation of a triangle pattern, similar to the 2017-18 bull market.
A triangle is a continuation pattern on a chart that forms a triangle-like shape. However, when the price breaks out from a symmetrical triangle, they move in the direction of the initial move before the triangle formed.
In the current example, Trader Tardigrade expected Dogecoin to break to the upside and follow the previous bull cycle.
