Dogecoin’s chart is flashing renewed optimism after weeks of sideways movement. Market analysts now believe the coin could be setting up for another strong rally. Data from multiple trading desks show buyers returning and price action tightening near $0.18, a level that has held firm through recent volatility.
Analyst Trader Tardigrade recently shared a visual analysis on X showing that Dogecoin continues to follow a familiar rhythm of recovery, consolidation, and sudden price expansion. The pattern has repeated three times since mid-year.
In June, Dogecoin climbed from deep lows and pushed past its consolidation band, moving above $0.35 before stalling near late August. The same setup resurfaced in October, peaking at around $0.26 after another short consolidation window.
Now, a third recovery phase seems to be forming between $0.13 and $0.15. The tardigrade’s chart outlines a triangular base that often precedes an upward burst. If the pattern holds, the next impulsive wave could carry prices toward $0.30, continuing Dogecoin’s established cycle of accumulation and breakout.
Another analyst, BitGuru, called the recent trend reversal a “bullish beauty.” His TradingView chart illustrated how Dogecoin not only broke free from its downtrend that lasted from the beginning of November but also quickly got back some of the lost ground. The coin price bounced back from the $0.1500 area and is now moving around $0.1835, which is near short-term resistance.
Traders are defending support between $0.1750 and $0.1800. BitGuru explained that a push above $0.1864 would likely confirm a continuation upward, while failure to clear that level could trigger a mild pullback before buyers regroup. The structure, he noted, reflects a steady hand from long-term holders rather than speculative swings.
Recent figures from Binance via CW show that top traders remain confident. Long positions account for 77.82% of all open DOGE trades, underscoring a broadly bullish stance.
At the same time, analytics platform Market Prophit maintains both crowd and model sentiment labeled as “Bullish.” During Tuesday’s trading hours, Dogecoin moved within a tight band between $0.177 and $0.184, with buyers consistently absorbing pressure around the $0.18 mark. That stability suggests accumulation rather than distribution - a healthy sign before a potential expansion phase.
The technical setups from both analysts converge on one theme: strength is building. Dogecoin’s rhythm of decline, recovery, and breakout continues to define its chart structure. If price momentum carries through resistance and holds support near $0.18, the coin could aim for the $0.30 region before the end of the year.
This pattern has appeared several times across 2024, each time resulting in sharp upward bursts once consolidation is completed. Traders now wait to see if Dogecoin will repeat that cycle once again, potentially making it one of the more active assets in the coming weeks.
Dogecoin continues to show strong bullish potential as traders watch for a breakout above $0.19. With solid support near $0.18 and rising long positions, both analysts and investors expect another impulsive Dogecoin rally if momentum holds through the coming sessions.
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