The Dogecoin withdrawal phase may have been completed. Is the next emergence of Doge begin?
Bullish sentiment has dropped slightly in the general crypto market, affecting major digital assets Dogwith the end of Wednesday, that level dropped to $0.168. Doge may be working to maintain its recent uptrend, but indicators suggest that upward movement is more likely than downward movement.
End of Dogecoin’s callback phase
Given the current price action, Dogecoin appears to have taken a correction. Experienced tech analyst and investor trader Tardigrade predicts potential Continue new bullish performancetriggered by wider positive market performance.
In analysis shared On X, Trader Tardigrade stresses that dog-themed meme coins can be done with callbacks in this cycle. This means Dogecoin has established a solid foundation at important support levels, suggesting that while signs that the ongoing uptrend is losing steam, its intensity may return to below the surface.
The view of the chart shows that the meme coins continue to find support at previous swing heights. Furthermore, it recently rebounded from a key support zone, starting with a previous rise, indicating its resilience in the current market conditions.
Given this movement on the 3-day chart, Trader Tardigrade is convinced that Meme Coin may have completed its callback. As a result, he expects another keen rally in the near term, which will push Doge reaches a new all-time high in 2025.
With traders’ tardigrade, Dogecoin continues to show potential for possible rallying Famous The assets have entered a recovery phase, marking a change in price dynamics. Such a move will end its correction or integration phase, laying the foundation for the climax.
From the chart, Doge last entered the recovery phase, thus causing the shape formed by the wedge layer to move up significantly. However, after a period of upward trend, Doge transformed into a merger stage, forming a parallel channel pattern.
A similar pattern is currently being unfolded on the 4-hour chart, suggesting an upcoming rally. Past trends should be repeated Meme Coin The rally is expected to be held in the coming days and the $0.225 level will be recovered.
Doge textbook accumulation cylinder mode
Doge builds power, tech analysts’ crypto bullets have shared An analysis requires Doge’s potential future in an ongoing cycle. After checking the 3-day chart, analysts revealed that Dogecoin has formed a textbook accumulation cylinder model.
Depending on the shape of the textbook accumulation cylinder pattern, meme coins can be prepared for large pumps in the next few months. The model hints at the surge in the gate above $3.2 to the top of the market. After that, a drop to $1.2 will happen before the rebound drops to $2 again. at last, Prices in Doji It may enter a bearish market phase, with prices falling to $0.17 by the end of 2026.
Although Crypto Bullet is not sure what will trigger the move, he thinks “something interesting is happening.” However, it can come with the ideal recipe added The dominance of BTC top.
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