Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Dogecoin is once again showing signs of history repeating itself, with its well-known 1-2 formation returning on the charts. After breaking out of its key $0.22–$0.24 channel, momentum is building as bullish signals align, hinting that the meme coin may be gearing up for another powerful move. Breakout From $0.22–$0.24 Marks End Of Consolidation
Alpha Crypto Signal, in a recent update, revealed a significant development for Dogecoin, noting that the meme coin has successfully broken out of its long-standing horizontal channel. This channel, which had contained its price between $0.22 and $0.24 for an extended period, had been a key consolidation zone for the asset. This decisive breach of the range confirms a major shift in momentum and signals the end of a prolonged phase of stagnant price action. Related Reading Dogecoin On Edge — 2.5 Days Remain To Lock In Breakout Springboard 2 days ago
The validity of this breakout is further reinforced by a crucial technical indicator: rising volume. As Dogecoin pushed higher, the increased trading volume served as a powerful signalof conviction from the buyers. This strong backing indicates that the move was not a fleeting event but rather a genuine surge of interest, with significant capital flowing into the asset. Source: Chart from Alpha Crypto Signal on X
Following its strong rally, Dogecoin is currently experiencing a healthy and expected pullbackfrom the resistance zone between $0.29 and $0.30. However, this slight retreat is a positive and natural part of a strong uptrend, as it allows the market to consolidate and prevents the rallyfrom becoming overheated.
According to the expert, this pullback is presenting a strategic opportunity for traders. Alpha Crypto Signal suggests that any retest of the breakout level, specifically the $0.24 to $0.25 zone, could offer a solid long opportunity. As long as Dogecoin can hold above this crucial zone and maintain its overall bullish structure, the positive momentum from the breakout is expected to continue. Dogecoin Pattern Repeats: History Points To Another Pump
In a recent poston X, crypto analyst CryptoELlTES has revealed a compelling observation about Dogecoin’s price history. He asserts that a specific technical pattern is repeating itself on the chart, one that has consistently preceded every major Dogecoin pump in the past. This historical correlation suggests that the current setupis highly significant. Related Reading Dogecoin Ready To Bark Again? Analyst Sees Path To $0.45 1 day ago
According to the analysis, Dogecoin is at the final stage of this “1-2 pattern.” The chart displays the same formation that previously launched the asset into several parabolic moves. Since the market is showing the same bullishbehavior that has historically led to explosive growth for the coin, a major upward move could be on the horizon. DOGE trading at $0.26 on the 1D chart | Source: DOGEUSDT on Tradingview.com Featured image from Pixabay, chart from Tradingview.com