Dogecoin Price Prediction: DOGE Just Repeated a Setup That Preceded a 800% Rally – Is History About to Repeat?
Dogecoin is flashing a sign that appeared completely earlier than probably the most bullish phases of earlier market cycles, and it might nonetheless carry weight below present Dogecoin price predictions.
Commentary from in style pseudonymous X analyst Trader Tartigrade on the meme coin has drawn consideration to a long-term historic indicator: the Price Momentum Oscillator (PMO).
On the weekly chart, earlier cases the place the PMO dropped to equally low ranges preceded cycle-defining rallies. The sign marked a 21,000% run from 2015 to 2018, and an 800% run from 2022 to 2024.
With the PMO as soon as once more hovering close to these historic troughs, the circumstances that preceded Dogecoin’s most aggressive upside strikes seem to be forming once more.
The social backdrop is lining up familiarly as effectively. Key opinion chief Elon Musk is as soon as once more shilling DOGE with affirmation that he intends to ship DOGE to the “literal moon.”
When requested concerning the inevitability of the DOGE-1 lunar mission, Musk replied merely: “Yes.”
A publicity occasion of this scale may act as a highly effective social catalyst. Mainstream publicity pushed by Musk has traditionally coincided with sharp inflows of retail capital
Dogecoin Price Prediction: How The Next Bull Run Could Unfold
This potential launchpad setup traces up with the year-long falling wedge sample that has outlined the Dogecoin worth consolidation.
Momentum indicators help a potential backside. The weekly RSI has reached the 30 oversold threshold, a degree that sometimes marks vendor exhaustion and a pivot into a long-term uptrend as consumers step again in.
The MACD reads equally, narrowing in on a golden cross above the sign line after months of strain constructing beneath the floor.
Focus now shifts to the sample’s higher boundary, with instant interim resistance round $0.115. Support right here would offer a larger and firmer footing for a sustained breakout push.
If a breakout unfolds, Dogecoin may enter a multi-stage surge with resistance at $0.28 and former all-time highs round $0.48 paving the best way for a 610% push into new worth discovery, concentrating on $0.75.
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