Dogecoin’s Next Big Move Looming? Key Chart Pattern Hints At A Shift Toward An Uptrend

This week started a good note for DokwinWhere the MI Class with the title of the famous dogs is slowly promoted, restores and retains a higher support level of $ 0.22. Dog’s gradual growth may be just the beginning of something important due to the recent developments indicating an imminent gathering.

The graph style is a bullish signal for Dogecoin

Dogecoin has recovered for a short period of a declining weekend, which reflects its flexibility during the performance of the market. After going into the recent price procedures, at Trader Tardigrade, an encryption analyst on the X platform, specific The possibility of continuous emerging movement with Dog’s shift towards the upward trend.

In his analysis, Trader Tardigrade claims that Doge may prepare for his next upward movement, with the support of forming a major technical pattern. This planned style, which indicates the reflection of the direction, comes after a The side unification stage and the decline in momentum.

Specifically, this chart formation is a double Doji candlestick pattern, which is a major indication of the continuation of the direction or a possible reflection. It often reveals when Duji candles follow each other or when the candlestick is opened and closed equal.

According to the technical expert, the DOJI dual Candlestick style appeared on the graph for one day, indicating a significant decline in market morale. Since the emergence of dual Duju usually precedes price screws, The same angle It is likely to witness an outbreak and a shift towards an ascending trend.

Trader Tardigrade’s expectations are more supported by previous scenarios where Dogecoin underwent a noticeable height after Dougi’s double candlestick, especially in 2023. When this pattern occurred in 2023, it increased the price from $ 0.28 to a threshold of $ 0.34.

with preparation It is revealed again, the expert expects a similar procedure for prices, which prompted Dog from the current levels to $ 0.27 in the coming days. Dog’s return to this level, along with the strong ups of the strong upward market, may lead to a new stage of upward work.

A large gathering towards the highest new level ever

Looking at Doug prices performance In a larger time frame, the expert Propagate A possible significant increase to the highest new level ever by the third quarter of this year. Trader Tardigrade refers to uniformity over the descending resistance line in the graph for one week, which places the foundation for a large gathering as shown in the last pre -pump structure.

The last time the Mimi currency was unified above the descent Resistance In 2024, the development led to a noticeable increase from $ 0.108 to $ 0.48. Looking at the previous result and the possibility of making similar prices, Trader Tardigrade is sure that Dogecoin may suffer from an explosive transition to a mark of $ 0.8 and beyond.

Distinctive image from Getty Images, Chart from TradingView.com

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