by Reza Ali
The Dogecoin price remains stuck near $0.17 thanks to a broad cryptocurrency bear market. Bitcoin and other cryptocurrency markets remain stuck in their downtrend because their essential strength is fading.
Recent market indicators show Dogecoin may begin a reversal trend which brings hope to its investors and traders. The signs of market reversal appeared when Dogecoin closed its weekly trading session using a recognized price movement formation. Last week Dogecoin formed a Doji candle pattern with a long lower shadow and a narrow body near its close.
Will Dogecoin’s Doji Candle Mark a Trend Shift?
Traders follow Trader Tardigrade on social media X after he addressed the marketplace pattern. Trader Tardigrade indicates that the recent Doji weekly closing candle signals an end to Dogecoin’s downward trend and the start of recovery.
When an asset closes trading at about the same price it opened at during a session analysts term this as market indecision through a Doji shape. During last week buyers tried to defend Dogecoin prices from declining further following their weak performance the previous week which produced a Doji candle.
#Dogecoin weekly candle closed with a DOJI 🔥
This indicates a potential reversal from a downtrend to an UPTREND at this level.
Looking back at previous $Doge candles, there was a DOJI right at the start of the last SURGE 🚀 pic.twitter.com/QPf5MJI5Cz— Trader Tardigrade (@TATrader_Alan) March 17, 2025
Dogecoin’s Historical Doji Pattern Hints at Possible Surge
The latest Doji candlestick showed weaker buying pressure through its longer lower shadow compared to its upper shadow. From its start the market proceeds in lower levels before reaching its four-month bottom at $0.142. Despite a strong negative market trend the meme coin showed buyer strength through its recovery above the starting price of $0.16802 ending the day at $0.16818.
Trader Tardigrade discovered that Dogecoin reached its previous Doji weekly chart formation right before a major price upswing. During early October 2024 Dogecoin finished the week near $0.11 before starting a famous 340% breakout over eight weeks which took it to $0.486.
The market’s previous pattern with Dogecoin gives us reasons to wonder if the coin might grow further or if low market strength will hold it back. The current stock market sales outweigh everything else so Dogecoin’s price reaction remains unclear.
Although one Doji candlestick cannot predict future market direction its previous appearances show strong price shifts during market experiences. Dogecoin could move up by 340% following its latest Doji close at $0.16818 which would push its price to a strong level of $0.75.
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