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  Dogecoin has seen strong market movements recently, with the price surging to $0.208 in the past 24 hours and currently hovering below $0.20. Despite the consolidation , but analysts and traders are still Keep an eye on this meme coin , believing its next big move could redefine its long-term trend. Cryptocurrency analyst Ether Nasyona L and others predict that Dogecoin’s third and strongest bull market phase is still ahead. His technical analysis of the monthly chart shows a structure that suggests the foundation for another big uptrend is in place. form, It is expected to exceed $0.8. Dogecoin’s first two bull runs set the stageShared by EtherNasyonaL Monthly K-line chart Highlighting the cyclical nature of Dogecoin since 2014, the chart shows the completion of two bull market waves and the formation of a third bull market wave. Each bull wave has formed after Dogecoin broke out and retested the ascending trendline of the lower highs descending channel that had limited its price action in previous years. This retest is also highlighted by the confluence of the 25-day moving average (MA) indicators. The first wave of the bull market began in 2017, when Dogecoin began to show its earliest exponential growth from near zero levels, and the meme coin was just entering the popular discussion of cryptocurrencies. The second wave of the bull market was more explosive and occurred between 2020 and 2021, when the price of Dogecoin surged from less than $0.003 to an all-time high of $0.7316, where it has remained to this day. Each bull run begins when Dogecoin regains support at the 25-month moving average after months of consolidation. The current trend reflects the same situation, with the 25-month moving average pointing upwards again and Dogecoin successfully retesting the upper trendline of the previous descending channel, as shown in the chart below.  Third Wave Bull Market Setup: Resistance Retested, Accumulation ContinuesAnalysis shows that Dogecoin has recently broken away from its long-term downward trend from mid-2021 to early 2025. It is worth noting that in October Recent Cryptocurrency Market Liquidations Dogecoin price successfully retested the resistance level, which has now turned into support, with the price range between $0.17 and $0.20. This successful retest also Coinciding with Dogecoin’s rebound from the ascending channel bottom trendline . EtherNasyonaL described the current price action as Dogecoin “gathering strength on the lower rail of a multi-year uptrend channel.” The predicted trend in the chart above shows that Dogecoin will follow the established trend pattern and move from the lower track area of the ascending channel to the upper track area. If the third bull run follows the same pattern as the first two, Dogecoin’s price could challenge its all-time high of $0.73 and break out of a new price range. In this case, the first price target for Dogecoin is $0.8, with a maximum price of $4 in the long term.  If you have been stumbling around in the currency circle and can't find your direction! In other words, you have been losing money! You can follow me! That’s it for today’s article. We are currently in a bull market and the situation is turbulent. We share passwords every day. If you don’t know what to do in the bull market, you are welcome to scan the code to join the group for free. The spot code and layout strategy of the bull market can be shared for free. Welcome to private message me to join us→ → → Scan the QR code to join the community👇No threshold and no fees  If you can’t add it via WeChat above, you can contact the author on the homepage! Penguin (QQ): 3965317191  |
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