Dogecoin Breaks Out of Descending Triangle, Targeting $0.265

After forming a descending triangle pattern, Dogecoin (DOGE) has surged past resistance and is now targeting a price level of $0.265. This breakout signals a shift from downtrend to uptrend, according to analyst Trader Tardigrade. He highlights the strong candle closing above the resistance line as a key indicator. The recent volatility was evident in a mid-October drop, which may have been driven by shifts in trader sentiment and potential large-scale exits from long positions.