Dogecoin currently has trade for USD 0.169, Continuing his withdrawal After reaching USD 0.19 at the end of April. However, the price campaign over the past few days It still shows some strength Compared to the catastrophe up to USD 0.14 at the beginning of April. Despite this hesitation, during the rally, the meme coin builds a structure that can be fundamental for greater movement. According to the chart made available by the Masteranand cryptographic analyst, there may be actual consolidation Prelude to a significant breakthrough reminiscent of Dogecoin’s explosive rallies in earlier cycles.
Dogecoin The chart pattern indicates the repetition of the previous stubborn phase
Core Masterananda analysis It lies in the repetitive structure of three marked low on the Dogecoin Daily Vandlestick time chart. These falls are marked (1), (2) and (3) and appear both on the left and right side of the chart, as shown in the chart below. On the left, these three minima developed between July and October 2024, each represents the stage of price corrections. The current pattern on the right is consistent with a strikingly similar trajectory, and the same labels mean the latest falls in The ongoing price structure 2025.
Creating a higher low level in point (3) in September 2024 led to a stern stubborn impulse that led Dogecoin towards 0.50 USD. According to the Dogecoin analyst, it now reflects the same configuration in which the current (3) low is also low in low compared to (2).
In addition, the decreasing wedge pattern, which covered the period from February to April, has already been broken. However, although the USD 0.145 support zone has remained very much in the last two months, there is a possibility It can be tested again Around the third low.
The analyst claims that buy aggressively and keep it by withdrawal
Based on this analysis, it is possible that Dogecoin again establishes a zone of USD 0.145 to finish Creating a third low Before reflection. However, the Masterananda Council is nothing but conservative. In his post, Tradingview noticed that this is not time for the sale of Dogecoin. Instead, he called for panic, insisting that Dogecoin was entering the strongest phase of growth from the bull market 2021. He encouraged readers to remove Stop-Loss orders and treat any short-term immersion as a occasional opportunity to buy. If you can’t buy more, just keep it.
The last of such formations in 2024 led to a 380% break to a maximum of $ 0.48 for many years. If the same pattern is reproduced again, a similar rally with USD 0.145 would display a price of nearly 0.70 USD, effectively bringing Dogecoin Returning to your all time. Although Masterananda did not clearly call for such an extreme purpose, he identified the movement above 0.40 USD as minimal expectations based on current configuration.
At the time of writing this writing, Dogecoin trads for $ 0.1695.
A distinguished picture from Getty Images, chart from TradingView.com
Editorial process For a bitcoinist, she focuses on providing thoroughly examined, right and impartial content. We maintain strict acquisition standards, and each page undergoes a careful review of our team of the best technological experts and experienced editors. This process ensures the integrity, importance and value of our content for our readers.
