Economist and author Peter Brandt, who stated that he has been trading on the stock market as a trader since 1975, made a post about Elon Musk's favorite Dogecoin (DOGE) that will please his investors.
The analyst with 50 years of experience shared his bullish forecast by sharing the Dogecoin chart.
Peter Brandt shared the DOGE/USDT chart, saying that Dogecoin is about to break out of the downward channel it has been in for a long time and that DOGE may possibly be starting to rise.
Channel breakout in $DOGE/USDT
Longer term chart could be constructive as well
Get along little doggie pic.twitter.com/EHMP1inBlj— Peter Brandt (@PeterLBrandt) September 26, 2024
Cryptocurrency analyst Ali Martinez also recently analyzed that a major rise is imminent, pointing to the DOGE chart.
Dogecoin was among the altcoins that increased the most, with an increase of 18.2% in the last 7 days and 8.3% in the last 24 hours.
DOGE continues to trade at $0.12 at the time of writing.
*This is not investment advice.
