Dogecoin Recovery Drawing Close? A Bullish Breakout From Descending Chart Pat...
Dogecoin alongside other major digital assets has lost its recent upward momentum as the general crypto market experiences a notable drawback. With the market facing bearish pressure, DOGE seems like it could undergo more decline. However, analysts believe that the meme coin is likely to rebound soon targeting new yearly highs. Upward Momentum Building For […]
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A new technical chart shared by crypto analyst Cas Abbé (@cas_abbe) on X is showing a recurring bullish pattern in Dogecoin’s price action. The 3-day chart highlights three distinct descending channels in Dogecoin’s history—one during Q4 2023, another in Q3 2024, and the current one in early 2025—that each preceded major price surges of over 150%. Dogecoin’s 150% Breakout Pattern Is Back Abbé writes via X: “DOGE is currently in a bullish descending channel, similar to Q4 2023 and Q3 2024. In both cases, the breakout resulted in a 150%+ pump.” The chart illustrates how Dogecoin formed a....
Dogecoin has shown signs of renewed momentum after reclaiming ground above $0.26 in the past 24 hours, but it hasn’t made a clean breakout yet. Nonetheless, crypto analysts are bullish on the meme coin, and a few of them have highlighted important support, resistance, and breakout levels. As it stands, Dogecoin path to $0.3 still holds merit, and its reaction here will determine how its price action plays out. Analysts Map Out Bullish Setups And Near-Term Targets The $0.30 level, in particular, stands out as the next critical threshold for Dogecoin: both as a psychological and....
The Dogecoin price is closing in on a critical technical trendline that could ignite its next major rally. After months of downward pressure, analysts are eyeing a possible breakout toward the long-awaited $1 target. $1 Dogecoin Price Target Closer Than Ever Crypto analyst Master Kenobi believes that the Dogecoin price could reach the highly coveted $1 target before the end of this market cycle. Based on his technical analysis, DOGE is once again mirroring a historical breakout pattern that previously led to an explosive surge in price. Related Reading: Is Shiba Inu On Track To Dethrone....
Dogecoin Price Key Highlights. Dogecoin price has been trading below a long-term descending trend line for quite some time, but reversal signals are showing up. Price made a sharp upside breakout, hinting that the downtrend might already be over and that it's time for buyers to take charge. Dogecoin price could be in for more gains, as it made a convincing breakout from the descending trend line connecting its latest highs. Waiting for Technical Confirmation. Technical indicators have yet to confirm the dogecoin price rally since the 100 SMA remains below the 200 SMA for now. This suggests....
Dogecoin is pressing on a familiar technical hinge on the weekly chart. In a setup highlighted by crypto analyst Cantonese Cat (@cantonmeow), DOGE has completed a third multi-month descending trendline test in as many cycles, with price now hovering just below a quarter dollar after a brief breakout and early retest. On the 1-week timeframe, the chart shows three distinct bear-market trendlines and subsequent expansions. The first downtrend, drawn from late-2022 swing highs through mid-2023 lower highs, was broken in September 2023. From that breakout point, DOGE advanced roughly 230%,....