It is likely that the formation of Dogecoin's price movements will create a promising technical pattern on the daily chart, leading to its next strong rally. Will we witness an imminent price breakout?

The price of Dogecoin (Dogecoin-DOGE) has recorded a decline of 3% over the past week, currently stabilizing around 0.2205$ , coinciding with the calm of the meme coin revival wave following its strong launch and trading volumes that exceeded the average. Meanwhile, DOGE recorded trading volumes of $1.8 billion over the last 24 hours, indicating a decrease of 37% compared to the previous day, which perhaps signals a decline in selling pressure, supporting positive Dogecoin price expectations in the foreseeable future.