Dogecoin is surging, exceeding $0.16 resistance in a week-long climb fueled by bullish sentiment. Analyst Trader Tardigrade has pinpointed a significant pattern on its 3-day chart dating back to 2014 – a symmetrical triangle formation that preceded major price breakouts previously. This recent breakout could signal the start of another dramatic price movement, with predictions targeting a $2.90 mark based on Dogecoin’s current price of $0.1593. A target this significant would represent a nearly 1,600% gain from its current price. This prediction aligns with previous analysis from analyst Scofield, who also forecasted potential movement towards $3. 2024’s third symmetrical triangle breakout could be the catalyst for another bull run. The recent surge has been supported by other signals too – a significant increase in new addresses (102.4%) and active addresses (111.32%). On-chain metrics show robust ecosystem growth, providing fuel to the bullish outlook.