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 (DOGE) is flashing a potential bullish reversal signalas a crypto analyst points to a breakout setup forming on the mid-term chart. The analyst’s chart highlights a tightening Falling Wedge on the 12-hour timeframe, signaling a possible shift in momentum after weeks of sustained decline. With price compressing toward the Falling Wedge’s apex, he has predicted that Dogecoin could soon see an explosive 80-80% price rally. Falling Wedge Pattern Points To Massive Dogecoin Breakout
Crypto market expert Clifton Fx has releaseda new Dogecoin update on X, drawing attention to a clear Falling Wedge formationon the 12-hour chart. The chart shows that Dogecoin has been moving downward within the two converging trendlines of this wedge—a pattern that often precedes strong bull rallies. Usually, when a Falling Wedge appears, it indicates the end of a consolidation phase facilitated by a correction. Related Reading Dogecoin’s 6,500% Surge: The Road That Leads From $0.15 To $10 This Cycle 6 days ago
Dogecoin’s recent bounce from the wedge’s support suggests that the market may be preparing for a massive breakout. Building on this, Clifton Fx’s chart analysis shows that the wedge has reached a stage where volatility typically compresses before an expansion, making the next few sessions critical for a bullish confirmation. Source: Chart from Clifton Fx on X
The expert’s analysis suggests that once the DOGE price breaks above the upper trendline of the Falling Wedge, the cryptocurrency could see a massive 80% to 90% bull rally in the days following the breakout. Dogecoin is currently trading at $0.15, reflecting the broader market downturn that has pushed the meme coin down by more than 23% in just over a month. If the price can initiate a rebound above 80%, it would erase the recent losses and also propel Dogecoin toward the $0.27 to $0.29 range. DOGE Cyclical Pattern Signals $5 Move By 2026
Sharing similar bullish sentiments about Dogecoin’s future, a pseudonymous crypto analyst, Bark, takes a broader view of the meme coin’s price behavioracross multiple market cycles to decipher its next move. The accompanying chart maps out DOGE’s historical patterns since 2014, illustratingtwo major cycles characterized by extended accumulation phases and followed by explosive price surges. Related Reading What Happens If Dogecoin Moves Out Of This Massive Wyckoff Accumulation? 2 days ago
Each cycle was defined by similar chart structures, including a rounded base and consolidation zones that preceded each upward surge. According to Bark, Dogecoin appears to be replicating the fractal formationfrom past cycles. The first cycle in 2017 and the second in 2021 exhibited long accumulation periods before sharp vertical breakouts of about 5,858% and 21,457%, respectively.
If the same historical pattern repeats in this cycle, Bark has predicted that Dogecoin could be setting the stage for a massive bull rallyto $5 by 2026. The chart shows that a surge to this level from DOGE’s current price of $0.15 could represent a staggering 4,447% increase. DOGE trading at $0.15 on the 1D chart | Source: DOGEUSDT on Tradingview.com Featured image from Peakpx, chart from Tradingview.com