Technical research published by crypto analyst Cas Abbé indicates that Dogecoin can potentially push higher again. The 3-day chart identifies trends where Dogecoin showed increased market value through descending channels that occurred before major price rises above 150%.
$DOGE is currently in a bullish descending channel, similar to Q4 2023 and Q3 2024.
In both cases, the breakout resulted in a 150%+ pump.
I know sentiment for memes is down a lot, but $DOGE has been in this space for a decade and will continue to be here.
A $1 DOGE is a… pic.twitter.com/DWNb2JHobf
— Cas Abbé (@cas_abbe) February 17, 2025
The price movement of Dogecoin follows a rising support level which matches past cycles from Q4 2023 and Q3 2024. These price movements produced an increase of 150 percent or more for both situations. According to his technical analysis there were three times Dogecoin built downward channels during Q4 2023, Q3 2024 and early 2025 before breaking out with substantial price increases.
From December 2023 Dogecoin made a descending line structure that broke above during the next three-and-a-half weeks to produce a 150% increase. In both periods Q3 2024 and Q4 2023 Dogecoin showed a substantial rise when it resisted the upper part of its declining price range. Abbé observes that Dogecoin shows present market movements that match past price channels which could indicate an upcoming uptrend.
Dogecoin Faces Key Barriers Amid Bullish Market Hopes
Market experts expect Dogecoin will prove the optimistic trading setup. Past market events suggest that this moment could bring a new gains zone. Although traders monitor the market they stay ready for false breakout signals and remain wary of general market conditions.
Market experts have determined $0.10 and $0.12 as important barriers that DOGE needs to overcome to keep rising. Despite this key level, the market has shown steady buying events when the price hits around $0.07.
Market sentiment across all financial sectors will show how Dogecoin performs compared to its historic success. The cryptocurrency market shows frequent changes in popularity between meme coins which investors base on market direction and social media attention.
#Dogecoin $DOGE could be gearing up for a rebound, as the TD Sequential indicator flashes a buy signal on the 4-hour chart! pic.twitter.com/HiYJ7iVCP8
— Ali (@ali_charts) February 17, 2025
Technical patterns repeating from the past indicate Dogecoin may rise but its future return cannot be guaranteed. Traders and investors should observe Dogecoin closely as it reaches a major technical threshold.
Traders observe technical patterns while market interest builds which might result in another gain in Dogecoin value. Investors will track price performance during the following weeks to check if the uptrend pattern leads to large market increases.
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