According to Trader Tardigrade (@TATrader_Alan), Dogecoin has broken out of an inverse Head & Shoulders pattern. The cryptocurrency is now returning to a potential retest zone between the Fibonacci retracement level of 0.618 and the key level from the neckline of the pattern, which could be significant for traders looking for entry or exit points.

According to Trader Tardigrade (@TATrader_Alan), Dogecoin has formed an inverse Head & Shoulders pattern, which is typically considered a bullish indicator in technical analysis, suggesting potential upward price movement for $Doge.

According to Trader Tardigrade, the inverse head & shoulders pattern for the Crypto Total Market Cap excluding BTC and ETH indicates a target of $2.14 trillion. With the current cap just below $800 billion, this suggests potential for more than doubling in market cap for altcoins, making it a significant trading opportunity.