Dogecoin’s next big move is imminent? Key Chart Patterns Impress to Upward Trend Change
There is a good note starting this week DogAs the popular dog-themed meme coins gradually recover upward traction, retract and hold support levels above the $0.22. The gradual growth of Doge may just be the beginning of something important, thanks to the latest developments coming to an upcoming rally.
Bullish signal with flashing chart pattern
Dogecoin has briefly recovered from a bearish weekend, reflecting its resilience in its declined market performance. After the recent price action, Tardigrade, crypto analyst on X, has already had Overview The potential for morality (Doge) shifts toward the upward trend continues to move forward.
Trader Tardigrade argues in his analysis that Doge may be ready for its next upside move and supported by the formation of key technical patterns. This chart pattern marks a trend reversal, Stages of lateral consolidation and momentum decline.
Specifically, the chart formation is a double Doji candlestick pattern, which is a key indicator of the trend continuation or possible reversal. It usually unfolds when two Doji candles follow each other or the opening and closing of the candlestick is equal.
According to technical experts, the two DOJI candlestick patterns have appeared on the 1-day chart, indicating a lot of hesitation in market sentiment. As Double Dojo appears usually before the price rises Meme Coin It may witness a breakthrough and a shift in upward trend.
In the past, Trader Tardigrade’s predictions have been further supported, and in the past, DogeCoin has seen a significant rise after the double DOJI candlestick, especially in 2023. When this happened in 2023, it triggered a price increase from the $0.28 price to the $0.34 Threshold.
and settings Experts unfold again, raising the threshold from its current level to $0.27 in the next few days. Doge, along with strong bullish market sentiment, returns to this level, which may lead to a new phase of action.
The main gathering towards a new historical climax
Look Doge’s price performance Within a larger time frame, experts have predict By the third quarter of this year, the new all-time high climax may surge significantly. Trader Tardigrade noted that in the 1-week chart, a consolidation was pointed out at the downgrade resistance trend line, laying the foundation for the huge gathering seen in the structure of the last pump.
Last time the meme coins merged above the drop Resistance Trend Line In 2024, the development raised $0.108 to $0.48. Given past results and the potential for similar price action, Trader Tardigrade is convinced that Dogecoin may experience explosive moves, reaching $0.8 and beyond.
Featured Images from Getty Images, TradingView.com Charts
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