Dogecoin Price completes bullish round bottom, entering range for breakout
A new technical analysis shows that Dogecoin’s price has officially completed a bullish round bottom pattern, indicating potential Trend reversal and pave the way for large price gatherings. Dogecoin supports the possibility of breakthroughs and is also entering key ranges, with analysts closely following decisive moves that will confirm New bullish stage.
Polymycin bullish round bottom confirms
4-hour dog price chart shared Shown by Bitguru, crypto analyst on X (formerly Twitter) Textbook round bottom pattern. This technical model is seen as a classic bullish structure, forming a gradual U-shaped curve when the price of cryptocurrencies changes with bearish trends and rebounds.
Dogecoin experienced the current circular bottom pattern Long-term downward trend From the $0.205 area to the $0.130 low, it shows strong bearish momentum. follow Market dump In early April, Dogecoin began to form higher lows and gradually bend upward, indicating that buyers are finally gaining strength and accumulation is increasing.
The circular structure in the price list is marked as “Bulsive Beauty”, showing two key lows – the first bottom is about $0.13009 and the second higher low is close to $0.15217. These lows form the characteristic U shape seen in the bullish, rounded bottom pattern. This structure shows The bear is losing steamhighlighting a major shift from bearish to bullish territory.
Bitguru has identified the $0.16661 and 0.18028 levels as Key resistance zone During the downtrend period before Dogecoin. However, these levels were destroyed and the strong bullish candle confirmed the breakthrough.
Currently, Doge is trading at $0.18 Enter the merger stage Above its breakthrough area, indicating strength and may continue the upward trend.
and Bullish sentiment Bitguru is consistent with technical indicators, revealing buyers are preparing to push Dogecoin prices toward Fresh history. A breakout in the resistance range beyond 0.19-$0.2 will further invalidate the bullish setting, indicating a strong upward momentum.
Doge price method key breakthrough range
As crypto analyst Trader Tardigrade revealed in one X Posts Meme coins are now in key range. On the 4-hour chart, Doge has been moving sideways over the past few weeks for two different distances.
During these stages, the price action of meme coins exhibits the classic “error interruption” behavior. Within the first observed range, Dogecoin witnessed Error failureimmerse it below the support level before recovering slightly.
This move is followed by A wrong breakthroughduring this period, the price soared to the resistor line, but quickly retracted. Eventually, Dogecoin managed to go beyond that range, creating a new merge zone at a higher level.
A similar pattern appears now in the current range. Doge briefly dropped in support in a fake crash, after which it tried to make a fake breakout above resistance – just pulling it back into range. Trader Tardigrade suggests that Dogecoin is ready after multiple failed attempts to break the scope A real breakthroughwhich may trigger an increase of US$0.19.
Featured Images from Getty Images, TradingView.com Charts
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