Doge’s Hidden Momentum 🐕🔥 — The Next Explosive Wave Is Bu
koinmilyoner
Updated at: 4 hours ago
{"content":"Doge’s Hidden Momentum 🐕🔥 — The Next Explosive Wave Is Building
The price of Dogecoin has dropped below $0.20 after rising to $0.208 in 24 hours. Despite the stabilization, experts and traders are keenly monitoring the meme currency since the next big move might change its long-term destiny.
His monthly chart technical analysis shows the foundation for another huge rise over $0.8.
Dogecoin's First Two Bull Waves Set Stage
Dogecoin since 2014. Each of these bullish waves occurred when Dogecoin broke above and retested the upper trendline of a descending channel of lower highs that had limited its price movement for years. The 25 Moving Average (MA) indicator confluenced during this retest.
The first wave, which started in 2017, prompted Dogecoin's initial exponential climb from near-zero prices, when it joined crypto conversations. The second, more powerful bull wave occurred between 2020 and 2021, when Dogecoin rose from under $0.003 to $0.7316, its current peak.
Third Bull Wave: Resistance Retested, Accumulation Continues
The study shows that Dogecoin has broken a long-term slump from mid-2021 to early 2025. Recent crypto market liquidation events in October saw Dogecoin retest the resistance level, now support, at $0.17 to $0.20.
Dogecoin moves from the bottom part of the ascending channel to its upper border, as seen on the chart above. If the third bull wave follows the first two, Dogecoin might shatter its $0.73 all-time high and enter new price zones. This price objective is $0.8 initially, then $4 long-term.
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