Dogecoin prices are combined with between $ 0.16 and $ 0.18 for a few days while aiming to break the bearish structure. Returning -I -Visit may approach, as revealed by cryptoelites analysts in a post on X
This The chart was shown Through the analyst of crypto shows a parabolic cup and handling of formation for Dogecoin (Dogeo/USD), which is a well -known bullish structure. It often appears during the longer accumulation and tends to ahead the strong upward moves once a breakout is confirmed.
The first part of the pattern, the cup, shows a Deep and rounded bottom That was formed as the dog's price slowly refused and then gradually recovered. This U-shaped represents a long-term accumulation zone in which entrepreneurs build positions silently over time.
The handle plays after the breakout close to $ 0.25 to $ 0.30 range. After that initial climb, the price of the Doge returned and began to be combined -combine again. It created the handle of the part of the formation, which is now sitting around $ 0.175. That zone is round the chart and labeled “bottom,” which signed a major support area and probably the final base before the next move higher.
If this pattern performs thoroughly, the dogcoin price can hunt with some wonderful targets. The first major level according to the cryptoelites' examination, is $ 0.75, acting as a strong psychological barrier. From there, the next likely zone will be around $ 1.50, which is aligned with standard Fibonacci extension projections.
If the bullish momentum continues to build and the Doge enters a parabolic phase, the price can hold $ 2.70 or more. At that point, Dogecoin will return to price detection mode and possibly into new all-time highs.
There is also a trendline from the previous highs whose price has been broken. This break suggests that the bearish momentum has weakened and that the bulls can take again
Also Read: We asked AI to guess Cardano (ADA) price in May
Whale activity and speculation -haaka speculation -haaka of fuel breakout
One of the factors that entrepreneurs are excited is due to the recent whale activity. According to Ali, a well-known on-chain analyst, The whales buy 100 million dogs in the past week. That is about $ 17.5 million worth of Dogecoin at the current price level. Large consumers who walk during integration are often viewed as a bullish signing, as these investors usually move early before most.
Generally, the dogcoin price is in a critical zone. If it holds support near $ 0.17 and confirms the breakout from this pattern, moving higher can be dramatic. Between strong technical settings, whale buying, and increasing social chatter, the Doge chart shines signals that will ignore it.
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