A closely followed crypto analyst believes Dogecoin (DOGE) is in a solid position to ignite fresh moves to the upside.

Pseudonymous analyst Rekt Capital tells his 517,400 followers on the social media platform X that DOGE looks bullish as it trades within an ascending triangle pattern.

The technical structure is often viewed as a bullish continuation pattern, suggesting that the asset is consolidating prior to a new upside burst.

Says Rekt,

“If this indeed turns out to be an ascending triangle on Dogecoin, then memecoins could enjoy another round of money flow. Needs a daily close above the pattern top ($0.43) to confirm a breakout.”

At time of writing, DOGE is trading for $0.432, slightly above the…