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 Dogecoin (DOGE) technicals are giving off a strong bullish signal! The symmetrical triangle shape on the macro chart keeps the price trend tightening, and the bullish divergence hidden in the weekly indicators indicates that it may break through the key position and usher in a big market. This pattern is exactly the same as the trends before sharp rises in history. Coupled with stable transactions and sufficient liquidity, the upward momentum has quietly accumulated. Symmetrical triangle pattern: has been building momentum for a long time, waiting for a breakthroughOn DOGE's macro chart, a multi-year symmetrical triangle formation stands out. This pattern is characterized by repeated pullbacks and rebounds, slowly forming higher lows, and finally leading to a parabolic rise. Its price is currently fluctuating around $0.1632, stuck in a two-month symmetrical triangle between $0.153 (support level) and $0.1677 (resistance level), and is in the "compression accumulation" stage. Historical data proves that this tightening pattern is often a precursor to a big market-the DOGE surge of more than 10,000% in 2021 has seen a similar structure before. Moreover, almost all of the nearly 151.64 billion DOGE coins are in circulation, with fully diluted valuations and market capitalization equal to each other, avoiding supply shocks to the greatest extent and paving the way for breakthroughs. Technical indicator platform: Bullish divergence + sufficient liquidity, clear reversal signalThe most critical signal comes from the Stochastic RSI on the weekly chart: Since April, the price of DOGE has continued to form higher lows, but the Stochastic RSI has made lower highs and then began to rebound upwards - this is a typical "hidden bullish divergence" and a strong signal that market momentum has recovered from oversold levels and the trend may reverse.  Traders analyzed that this divergence means that buying power is quietly increasing. Let’s look at the market fundamentals: DOGE’s current market capitalization is US$24.74 billion, and its 24-hour trading volume is as high as US$4.19 billion. The liquidity is very abundant, reflecting that investors’ interest has not diminished. In addition, the rising trend line near $0.15 is a key support level. Every time the price falls here, it will attract buyers to enter the market. The K-line chart shows that the volatility is controllable and there are no extreme fluctuations, further indicating that the market structure is very stable. Future trend prediction: A breakthrough is bullish, with a target of $0.20The current two-month symmetrical triangle is about to be completed, and there will be a high probability of explosive two-way fluctuations. But combined with bullish divergence, ample liquidity, and other factors, a rise is much more likely. If DOGE can successfully break through the resistance level of $0.1677, it will confirm the bullish breakout, and according to the historical expansion pattern, the next price target may exceed $0.20； As long as the support level near $0.15 is held, the foundation for the rise will remain solid.  Summary: The key is breakthrough, the opportunity to enter is in front of youDOGE's current state is that "everything is ready except for a breakthrough": the symmetrical triangle is gaining momentum, the bullish divergence provides momentum, and sufficient liquidity is protecting it, and the current price trend is highly consistent with that before the historical surge. For investors, the focus should be on the breakthrough of the resistance level of $0.1677. Once it is effectively broken through, it is an entry signal worth grasping. As the long-term cycle pattern reappears, DOGE is expected to see significant growth in the next crypto market. It is recommended to closely track market changes and seize this wave of potential opportunities. The opportunity is fleeting, thank you for your attention! 👇 Don’t let the trap of air coins swallow up your principal, Tudou will take you to enjoy the entire bull market! If you are interested, you can go to the homepage and read the pinned article! Or +V: TGMM03 |
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