Crypto analyst Joao Wedson has sparked renewed interest in Dogecoin with a fresh analysis suggesting the popular memecoin could be gearing up for another major move.
Drawing on historical patterns and current market dynamics, Wedson outlined several indicators pointing to a possible rally on the horizon.
One of the key insights from his breakdown involves liquidity patterns. Wedson pointed out that during Dogecoin’s previous sharp correction, a significant $380 million in liquidity had become trapped around the $0.50 mark. Historically, he noted, periods of aggressive short accumulation followed by long accumulation phases have often preceded strong upward moves for DOGE.
He also turned attention to the DOGE/BTC trading pair, which is currently hovering near a critical support level reminiscent of its position just before the explosive 2021 rally. According to Wedson, if this level holds, Dogecoin could start drawing more attention than Bitcoin itself—just as it did in past hype cycles.#SouthKoreaCryptoPolicy #BinanceAlphaAlert #TrumpTariffs #TrumpVsMusk #MarketPullback
