Dogecoin once again shows signs of history that repeats itself, with its famous 1-2 formation that returns to the rankings. After leaving its key channel $ 0.22– $ 0.24, the momentum is being built while the upward signals align itself, suggesting that the meme currency may have prepared for another powerful move.
Breakout from $ 0.22- $ 0.24 End of consolidation brands
Alpha Crypto Signal, in a recent update, revealed a significant development for Dogecoin, noting that the meme currency has successfully left its longtime horizontal channel. This channel, which contained its price between $ 0.22 and $ 0.24 for a long period, had been a key consolidation area for the activity. This decisive violation of the range confirms a great change at the moment and reports the end of a prolonged phase of the stagnant price action.
The validity of this breakout is further strengthened by a crucial technical indicator: increase in volume. While Dogecoin went higher, the increase in the commercial volume served as a powerful signal of condemnation by buyers. This strong support indicates that the move was not a fleeting event but rather a true increase of interest, with significant capital flowing in the activity.
After his strong event, Dogecoin is currently experiencing a healthy and resistance area between $ 0.29 and $ 0.30. However, this light withdrawal is a positive and natural part of a strong trend, as it allows the market to consolidate and prevent the rally from overheating.
According to the expert, this Pullback presents a strategic opportunity for traders. Alpha Crypto Signal suggests that any revision of the breakout level, in particular the $ 0.24 to $ 0.25 area, could offer a solid long opportunity. As long as dogecoin can retain this crucial area and maintain its overall bullish structure, the positive momentum from the breakout will continue will continue.
The dogecoin model repeats itself: the story indicates another pump
In a recent post on X, the Cryptoltes Crypto analyst revealed a compelling observation on the history of dogecoin prices. He says that a specific technical model is repeating himself on the graphic designer, one who has constantly preceded all the main pumps for dogecoin in the past. This historical correlation suggests that the current configuration is very significant.
According to the analysis, Dogecoin is in the final phase of this “1-2 scheme”. The graph shows the same formation that has previously launched the asset in different parabolic moves. Since the market is showing the same bullish behavior that has historically led to explosive growth for the coin, it could be on the horizon a move upwards.