Repetition
Pattern signals historic rise

Dogecoin's weekly chart shows a repetition of a slight price increase followed by a substantial rise
pattern, potentially pushing DOGE to $1. Since December 2024
, it has formed a bullish reversal pattern, accompanied by significant
whale accumulation and technical indicators hinting at an uptrend, although
resistance and potential downside risks still exist in the short term.

Dogecoin's weekly chart shows a repetition of a slight price increase followed by a substantial rise. This pattern has attracted attention, as analysts believe the current setup could lead to a significant surge, potentially pushing DOGE to the $1 level. The meme coin is currently trading at $0.1741 and has recently witnessed an increase in [volume] and [whale] accumulation zones. Rounding Bottom Formation on Weekly Chart According to an analysis by Trader Tardigrade on X, Dogecoin has formed a rounding bottom pattern since December 2024. This formation is known as a bullish reversal signal, often appearing before a strong uptrend. If DOGE [[breaks] the $0.23 neckline resistance], the price could rise by 84% to $0.44.

Various technical indicators are also supporting the possibility of this breakout. The Money Flow Index (MFI), which measures buying and selling pressure, has broken above the 50 level. This move usually indicates that capital inflows are increasing and shows rising buying pressure. However, the Average Directional Index (ADX) is trending downward, which may limit the upward momentum in the short term and could lead to sideways trading.

An observation by Master Ananda on TradingView also points out that Dogecoin is testing important Fibonacci retracement levels. DOGE has fallen below the 0.618 support level of $0.178 and is currently moving towards the 0.786 level of $0.158. If the price falls further, the $0.13 support level may play an important role as it has held up during previous pullbacks
accumulation zone and volume increase supporting positive sentiment According to Santiment data, whales holding 10 million to 100 million Dogecoins have added 320 million tokens in the past week. These addresses currently control a record 24.98 billion Dogecoins. This accumulation zone suggests that investors remain confident despite broader market adjustments.

Dogecoin is also approaching an important resistance level of $0.213. According to More Crypto Online, this area coincides with the 100% Fibonacci extension, which is often a key point for judging whether the rally can continue. If DOGE breaks through this level on high volume, it could signal the start of a stronger uptrend.#Solana现货ETF竞赛 #币安HODLer空投SPK #币安钱包TGE #币安Alpha上新 #X平台封号