Dogecoin is showing a technical pattern reminiscent of its 36,000% surge in 2021, according to recent analysis. Despite a dip below $0.20, the monthly chart remains bullish, with Dogecoin trading above its 25-month moving average and near a key structural zone known for triggering parabolic rallies.
Analyst EᴛʜᴇʀNᴀꜱʏᴏɴᴀL highlights that Dogecoin has met three critical technical conditions: a breakout from a falling trend, sustained trading above the 25-month moving average, and a retest phase. This current consolidation phase mirrors those seen before the significant rallies in 2017 and 2021, suggesting the potential for another strong upward movement if the pattern holds.
Dogecoin Exhibits Pattern Similar to 2021's 36,000% Surge
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