Dogecoin To Take Another Shot At The Moon As Classic Pattern Reappears

Dogecoin appears ready to reignite its bullish momentum as a classic chart pattern makes a ￰0￱ popular meme coin, often known for its dramatic price surges, is displaying technical signals that mirror previous breakout ￰1￱ momentum quietly building, investors are wondering if Dogecoin’s next big rally is just around the ￰2￱ Repeats: Dogecoin Flashes Familiar Pre-Rally Signals Crypto analyst EtherNasyonaL, in a recent post, highlighted that Dogecoin appears to be repeating one of its most reliable historical ￰3￱ of Dogecoin’s major rallies has been preceded by a familiar sequence of technical signals, persistence above the 25-day moving average (25MA), a breakout from a long-term descending trendline, and a subsequent retest phase that sets the stage for a new bullish ￰4￱ Reading: Is The Dogecoin Low In?

Analyst Charts Path To $0.60 According to the analyst, these structural markers have consistently acted as precursors to Dogecoin’s explosive ￰5￱ the price maintained strength above the 25MA after a prolonged downtrend, it often indicated that sellers had exhausted their momentum and buyers were quietly regaining ￰6￱ recurring pattern has served as a reliable indicator of an impending shift in market direction. Currently, the chart once again reflects the same behavior. Dogecoin’s price has moved above the 25MA, signaling renewed upward strength, while the downtrend has been decisively ￰7￱ asset is now in the retest phase, a critical point where market confirmation typically occurs before momentum ￰8￱ structural repetition suggests that Dogecoin may be preparing for its next major ￰9￱ also noted that this phase often coincides with widespread market doubt and bearish sentiment.

Historically, the “NGMI” (Not Gonna Make It) feeling tends to dominate just before Dogecoin begins a parabolic ￰10￱ pessimism often reflects capitulation among retail traders, while larger players quietly accumulate positions in anticipation of the next ￰11￱ history repeats, the ongoing consolidation could mark the calm before the next significant surge, a reminder that market doubt often precedes Dogecoin’s most powerful upward ￰12￱ Pennant Emerges After Market Downturn Trader Tardigrade, in a recent 4-hour chart analysis shared on X, highlighted that Dogecoin is beginning to display a fresh bullish setup following the recent market ￰13￱ the crash, the memecoin is stabilizing and carving out a constructive structure that could signal renewed buyer ￰14￱ Reading: Crypto Analyst Says Dogecoin Price Is ‘Parabolic Coded’ To $1, Here’s What It Means According to Trader Tardigrade, a Bullish Pennant pattern has emerged on the chart, a formation that typically develops after a sharp move upward, followed by a period of ￰15￱ confirmed, this pattern could mark the start of a potential continuation phase, setting the stage for DOGE’s next upward ￰16￱ image from Getty Images, chart from ￰17￱