The bullish sentiment has fallen slightly in the general crypto market, affecting larger digital assets like Dogecoinwhich fell to Wednesday level to $ 0.168. Doge may be in trouble to preserve your recent elevation, but indicators suggest that reverse movement is more likely than negative movement.
End Dogecoin in the Redemption Stage
Given the current price action, Dogecoin seems to have lost its correction. Experienced technical analyst and investor trader Tardigrade has predicted the potential Continuing the Bullish performance updatedLaunched a broader positive market result.
In analysis shared At X, the trader emphasized the Tardigrade that a dog-themed memo coin could be done for this cycle. This means that Dogecoin has established a specific base that is higher than important support levels, indicating that its strength can be restored under the surface, despite the signs that the continuing rise will eliminate the steam.
The view of the chart shows that the meme coin has been permanently supported at previous swing heights. In addition, it recently bounced back from the key support zone to reach the peak of the previous rise, which shows its durability under current market conditions.
Given this movement in a 3-day chart, Trader Tardigrade is confident that the meme coin may have stopped its rebound. As a result, he provides for another sharp rally in the near future that pushes DOGE to the new all -time peak in 2025To.
Dogecoin continues to demonstrate the potential of the rally as a trader Tardiagrade marked Because the property has entered the recovery phase, signaling the price dynamics of the shift. Such a step would end in the stage of its adjustment or consolidation, setting the basis for increasing.
Looking at the diagram, Doge last entered the recovery phase, which resulted in a significant upward movement in the form of a rising wedge formation. However, after the ascension period, the Doge went to the consolidation phase, forming a parallel channel pattern.
A similar pattern is currently opened in a 4-hour chart, hinting at the upcoming rally. If previous trends are repeated, then meme coin It is expected that the level of $ 0.225 will be rallying back in the coming days.
DOGE textbook accumulation cylinder pattern
Since Doge builds a momentum, there is a crypto bullet, a technical analyst shared An analysis that involves the potential future of Doge in the ongoing cycle. After examining the 3-day chart, the analyst showed that Dogecoin had formed a textbook accumulation of the cylinder pattern.
Based on the shape of the pattern of accumulation of textbooks, the meme coin could be for a massive pump in the coming months. The pattern hints at DOGE market share of over $ 3.2. After that, a decrease will occur to $ 1.2 before again to $ 2. Finally, Dog's price The market phase of the bearing is likely to enter, pulling prices back to $ 0.17 by the end of 2026.
Although the crypto ball is not sure what would trigger this step, he believes that “something interesting is coming”. However, the ideal formula for a pump may occur with the addition of BTC dominance out of the top.
Highlighted Picture from Getty Images, Chart from TradingView.com
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