Legendary Trader Peter Brandt Says Dogecoin Breaking Out, Sees Long-Term Constructiveness for DOGE
Veteran trader Peter Brandt says that Dogecoin (DOGE) is set for more upside price action after printing a textbook breakout pattern. Brandt tells his 741,000 followers on the social media platform X that DOGE is in the middle of breaking out from a nearly seven-month-long downward channel. The trader also says that DOGE looks good on the long-term time frame as well. He shares a chart suggesting that DOGE found solid support at the $0.05 level during the bear market and is getting ready for another leg up after cooling off from its breakout in March. “Channel breakout in DOGE/USDT Longer-term chart could be constructive as well Get along little doggie.” Source: Peter Brandt/X At time of writing, DOGE is trading at $0.129, up nearly 4% on the day. Looking at Bitcoin (BTC), Brandt says he still isn’t convinced the crypto king has exited a six-month-long bearish sequence of lower highs and lower lows. The trader believes that Bitcoin will only...