This Dogecoin Squeeze Could Kickstart The Next Bull Run

Crypto analyst Unichartz has highlighted a Dogecoin squeeze that could spark the next massive move to the upside for the meme ￰0￱ comes amid a broader crypto market crash, which has also led to a decline for the foremost meme ￰1￱ Showing A Promising Structure In a TradingView post, Unichartz declared that a Dogecoin squeeze is ￰2￱ noted that the meme coin is currently showing a promising structure as it trades within a rising wedge ￰3￱ analyst added that the DOGE price is holding above a rising support line, which it has respected multiple times, indicating a sign of bullish intent from ￰4￱ Reading: Dogecoin Price Is Ready To Launch 100%+ With This Swing Move His accompanying chart showed that this Dogecoin squeeze could lead to a rally to the psychological $0.3 ￰5￱ that happens, it will mark the first time DOGE reaches this level since a multi-year high of around $0.48 in ￰6￱ will also mark a 2025 high for the meme coin, with its current high at around $0.28.

Unichartz revealed that a descending resistance line and a key horizontal supply zone at around $0.28 are acting as a strong barrier for the meme ￰7￱ remarked that DOGE will need to flip this confluence zone cleanly for it to see a breakout and push ￰8￱ the meantime, the meme coin continues to decline alongside the broader crypto ￰9￱ has dropped from a recent high of around $0.24 and is down over 8% in the last seven ￰10￱ has occurred thanks to the massive drop in the Bitcoin price, with the flagship crypto on a downtrend since it reached a new all-time high (ATH) of $124,000 two weeks ￰11￱ Goal Is For DOGE’s Stoch RSI To Cross The 20 Level In an X post, crypto analyst Kevin Capital said that the goal is for Dogecoin’s Stochastic Relative Strength Index (Stoch RSI) to cross the 20 level and show a ￰12￱ explained that anything below that level is a sign of weak ￰13￱ technical indicator is currently crossing to the upside and is at the 13 ￰14￱ Reading: Alphractal Says Resilient Dogecoin Metrics Could Lead To Price Breakout This is significant, as Kevin noted that monthly Stoch RSI crosses on Dogecoin, outside of the bear market, and, along with an uptrending monthly RSI, ultimately lead to massive ￰15￱ further remarked that DOGE’s biggest move of the cycle is likely if Bitcoin can move higher and Ethereum ultimately enters into price discovery with a dropping BTC ￰16￱ analyst added that DOGE just needs a little more time for BTC and the macro to support this ￰17￱ the time of writing, the Dogecoin price is trading at around $0.21, down almost 2% in the last 24 hours, according to data from ￰18￱ image from Getty Images, chart from ￰19￱