Cryptocurrency analyst Akbar Karimzsfeh has identified a long-term consolidation pattern in Dogecoin’s price chart that could signal its future trajectory. This pattern, known as a symmetrical triangle, began forming after Dogecoin experienced a decline from its all-time high of $0.73536 on May 3, 2021. The triangle spans years and could be nearing resolution. The cup formation at the heart of the analysis aligns with the top edge of the triangle near $0.49160, a level crucial for any potential breakout above resistance. Karimzsfeh suggests that a successful break above this point would trigger sustained price growth, aiming for a target price of $3.08 – more than a 13x increase from current levels. While he sees a strong chance of Dogecoin reaching this target, he advises a cautious approach until there is clear confirmation of the breakout above the critical resistance level.