Dogecoin has recouped its $0.2 price level after sweeping new market momentum in the past 24 hours. The rally is the result of the meme-based cryptocurrency recovery power that has been hovering below $0.2 Since early June.
The price rebound is amid optimism surrounding Doge’s current technical setup, with an analyst claiming the coin exiting its launch pad phase and that Now ready He called it the explosion stage.
Explosion from bottom to dog
according to Technical analysis by Dogecoin’s current price trajectory Tardigrade, a trader on social media platform X, closely following its previous macro cycles, especially after the bottom layer on weekly MACD and stochastic indicators. Analysts point out a recurring pattern Dogecoin first descendsforming the launch pad stage, and then explode.
This pattern is illustrated in the Doge weekly candlestick chart below, with blue and orange lines representing a random oscillator counterattack towards the midline after confirming the crossover. As shown in October 2024, after the bullish cross, this mid-line answer serves as a springboard for explosive overhead momentum.
The latest MACD behavior shows the repetition of this setting, the oscillator forming structure Almost the same as before Dogecoin’s parabola rose to $0.48 in December. Based on this consistency, Trader Tardigrade announced that Dogecoin is no longer in the launch pad stage, but has entered what he calls the explosion stage.
If the analysis holds true and Dogecoin is repeating this price action, then the coming weeks could lead to a large price rally. Doge last entered this phase and it saw a rally that took it from $0.10 to $0.48 in a few weeks. If similar price action is to be taken, Trader Tardigrade expects the price to be transferred by $0.7 in the coming months.
Clusters about $0.189-$0.1995 to push up more
In the previous post, the same analyst cited Dogecoin’s clearing heat map, highlighting two significant liquidity concentrations that are directly above the coin’s recent price level. According to Heatmap data, the potential liquidation is $0.189, with an additional $21.4 billion price of $2.46 billion, at $0.1995. These fluid areas are represented as bright bands on the gate heatmap below.
These Two targets have now been cleared After Dogecoin exceeds the $0.2 level. As market makers tend to shift prices to high-liquidity areas to fuel volatility and quantity, these clusters may have become the launching points for Dogecoin’s continuous gathering. As Trader Tardigrade notes“Market makers know these levels, so you don’t have to worry about $doge🚀.”
At the time of writing, Dogecoin is trading at $0.2016, up 5.6% over the past 24 hours. Now all bulls need Successful every day and closes over $0.2 per week.
Featured Images from Getty Images, TradingView.com Charts
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