A leading cryptocurrency analyst on Tuesday projected significant volatility for Dogecoin (CRYPTO: DOGE) in the days ahead, while outlining a rosy outlook for gold.

Which Way Is DOGE Headed?

Ali Martinez took to X, highlighting a descending triangle formation on Dogecoin’s 4-hour chart that could trigger a 29% price move for the memecoin.

Note that Martinez didn’t explicitly state the direction of the swing, whether upward or downward.

Typically, the pattern indicates a continuation of a downtrend, where sellers are gaining control.

The Moving Average Convergence Divergence indicator, which compares two exponential moving averages of an asset’s price,  typically the 12-period and the…

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