Dogecoin Awaits Risk-On Ignition As 2021 Pattern Repeats
Dogecoin is back in a familiar posture on multiple timeframes, according to crypto analyst Osemka (@Osemka8), who argues that price action is tracking the “OTHERS” index almost one-for-one and is now deep inside a textbook Wyckoff accumulation. His latest charts—one a decade-long view, the other a daily structure map—frame the current chop as the classic test phase that tends to exhaust both sides before trend continuation. Dogecoin’s Perfect Wyckoff Trap On the long-horizon chart, Dogecoin’s history resolves into a sequence of rounded basing formations that preceded its two vertical....
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Dogecoin has yet to hit its previous $0.74 all-time high from 2021, but nevertheless, $1 has remained the target for the altcoin this cycle. This is due to the expectation of another altcoin season that could send the price on a similar run that was seen in 2021. However, if the Dogecoin price were to actually see a repeat of what happened in the past two previous bull cycles, then the $1 mark may only be a starting point, given how high the price could go. Dogecoin Price Mirroring Past Cycles Crypto analyst Trader Tardigrade has noticed an eerily similar pattern on the Dogecoin price....
Dogecoin Price Key Highlights. Dogecoin price continued to remain under the bearish pressure, and our highlighted double top pattern is still in play. There is a cluster of resistance formed on the upside for buyers around 56.0-57.0 Satoshis. The price continued to consolidate near the 100 hourly simple moving average, as there was no break. Dogecoin price remains at risk of a break lower since our highlighted double top pattern is still in play. Double Top Pattern. We highlighted a double top pattern yesterday, which is still in play and might act as a catalyst for a downside move in the....
Crypto analyst Glory has revealed what would happen if the Dogecoin price were to repeat its legendary 68,000% run in this market cycle. Such a run would put the foremost meme coin in double digits and make its market cap worth trillions of dollars. What Will Happen If The Dogecoin Price Repeats Its Historic Run […]
Dogecoin is still reeling in losses after a crazy 40% decline at the start of the week. Although it has since recovered a bit, Dogecoin is still on a 20% loss in a seven-day timeframe at the time of writing. However, technical analysis suggests that Dogecoin’s bull run might still be in play, and the meme coin could still reach the $10 price target this cycle. This analysis is based on the time taken for Dogecoin to reach new all-time highs and market peaks in the previous cycles. Dogecoin’s Historical Cycles and Price Peaks Dogecoin’s price movements have historically....
Dogecoin Price Key Highlights. Dogecoin price continued trading in a range during the past couple of sessions, and remains at a risk of a break. There is a breakout pattern forming on the hourly chart with an important resistance around 56.0-57.0 Satoshis. Our highlighted double top pattern is still valid, but it is fading slowly as sellers failed to gain momentum. Dogecoin price continued to consolidate in a range, and currently forming a contracting triangle pattern for a break. Triangle Pattern. We have been following a double top pattern on the hourly chart, and waiting for a break.....