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 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 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%....
In a recent analysis shared by renowned crypto analyst, Jaydee, Dogecoin (DOGE) appears to be setting the stage for a potentially significant price rally. The chart showcases a series of technical indicators and patterns that hint towards a bullish trajectory for the meme coin, with a projected price target above $1.5. In a tweet accompanying the chart, Jaydee remarked: “Dogecoin – meme (shitcoin) with a beautiful chart structure! Will DOGE have that confirmed breakout?! Last time it broke out from a multi-year triangle, it 380x in price! Similar structure compared to the....
The Dogecoin price has struggled to build on its bullish momentum over the past few weeks, sinking to as low as $0.267 on December 20. However, the meme coin appears to have stabilized just above the $0.3 mark. Interestingly, this price level might only serve as a springboard for the price of Dogecoin to new highs, according to a prominent crypto analyst on the social media platform X. The expert believes that the value of the meme coin could skyrocket to as high as $23. Is DOGE Price Gearing For A 7,500% Rally? In a new post on the X platform, crypto analyst Ali Martinez revealed that the....