Dogecoin Roars Back: Meme Coin Flips Bullish as Traders Pile In
Dogecoin’s chart prints a textbook reversal pattern—just as retail traders start hyping it again on social media. The ’joke’ asset now has serious momentum.
Key drivers: Whale accumulation spikes, BTC dominance wobbles, and Elon Musk’s X platform quietly tests DOGE payments (again). Classic crypto narrative recycling at work.
Proceed with caution: Every Dogecoin rally since 2021 has ended with -80% drops. But hey, this time Wall Street’s ’smart money’ is definitely not laughing behind your back.
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Technical analysts have also taken notice. One chart watcher, known as CryptoBullet, points to a rare reversal pattern forming — the Livermore Accumulation Cylinder — which he believes could set the stage for a powerful rally.
While some estimates point to the possibility of DOGE reaching as high as $3 in the longer term, shorter timeframes suggest $0.26 as a realistic target based on recent wedge breakouts.
Still, if the price slips below key support NEAR $0.13, bullish momentum could fade quickly. For now, however, Dogecoin appears to be building the kind of base that often precedes big moves in crypto.
