Cryptonews - Dogecoin Price Predictions After Its Movements Formed a Promising Diamond Bottom Pattern for a Rocket Launch, Dogecoin (DOGE) price currently at $0.20 continues to form a 'Diamond Bottom Pattern' which suggests an upcoming upward price reversal for DOGE. This has led a famous technical analyst to predict that this may pave the way for the meme coin leader to experience a wave of strong increases; according to a post by the well-known trader Tardigrade on platform X (formerly Twitter), such technical patterns often form when the price reaches its lowest possible levels.

This aligns with the insights of another trader known as Galaxy, who clarified in a post on platform X that the weekly price chart for Dogecoin (DOGE) has started to form higher highs and higher lows for the first time since its strong launch in 2024 after a 600-day consolidation period.

The analyst concluded his predictions by stating: 'I don't think this is the end,' leaving the question: Is Dogecoin's price on the verge of a strong launch?

Dogecoin (DOGE) Price Predictions: Is a Strong Launch on the Horizon?

Current macroeconomic conditions do not suggest an imminent launch of a new season for alternative coins or meme coins, as the Federal Reserve clarified in its announcement regarding its policies issued today by the Federal Open Market Committee (FOMC); uncertainty still prevails.