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 […]
Related News
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 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 demonstrating upward performance as bullish sentiment returns to the market, causing the dog-themed meme coin to rise above the $0.17 price level. With DOGE regaining traction, a crypto analyst points to a potential price reversal, predicting a notable upsurge in the upcoming weeks. Bullish Chart Pattern To Bolster Dogecoin’s Recovery Following a prolonged […]
Crypto analyst TradingShot has predicted that the Dogecoin price could soon record a bullish breakout. The analyst also revealed that the foremost meme coin could make a new all-time high (ATH) as it targets a rally past the current ATH of $0.73. Dogecoin Price Eyes Bullish Breakout To New ATH In a TradingView post, TradingShot […]
Dogecoin Price Key Highlights. Dogecoin price has been trending lower, with a descending trend line able to connect the recent highs of price action. A correction is taking place from the recent drop, with price moving up to test the broken support near 42 Satoshis. Dogecoin price could retrace to the 50% Fibonacci level, which coincides with the descending trend line and area of interest. Dynamic Inflection Points. The 100 SMA appears to be holding as a dynamic resistance area for now since it is close to the 38.2% Fibonacci retracement level. A higher pullback could last until the 50%....