Crypto analyst TrendWatcher has spotted a possible Dogecoin squeeze. It might spark the next big jump for the meme coin. The whole crypto market's been shaky lately. Dogecoin's price took a hit too.

DOGE's looking promising, says TrendWatcher. It's in an ascending triangle pattern. Buyers seem bullish. The price keeps bouncing off a rising trendline.

If this squeeze happens, DOGE could shoot up to $0.5. That'd be huge. A new 2025 high. Better than its $0.45 peak this year.

There are hurdles, though. A descending resistance line. A supply zone around $0.45. DOGE needs to smash through these.

Some indicators look good for Dogecoin. The Stoch RSI's crossing upwards. It's nearing 20 - a key level. In the past, this has led to big rallies. Especially with an uptrending monthly RSI.

Right now, DOGE is at about $0.38. It's dipped a bit. The whole market's down. But many folks are still hopeful about DOGE's future. If Bitcoin and Ethereum pick up, it could help.

It's kind of surprising how resilient DOGE has been. But remember, crypto's wild. Things change fast. Do your homework before jumping in.