Dogecoin’s Price Action Mirrors Past Bull Runs—But Is It Still the Crypto to Bet On?
Dogecoin’s chart is pulling a déjà vu—echoing patterns from its previous parabolic rallies. Meme magic or market mechanics? Either way, traders are watching.
Yet with institutional money flooding into ’serious’ chains, does DOGE still pack enough punch? Or is it just riding the coattails of Bitcoin’s dominance—again?
Here’s the cynical take: if history rhymes, retail will get the verse while whales cash out on the chorus.
Remittix and PayFi: Your next power combo in making cross border payments easy
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Dogecoin price forming a bullish structure, but needs to beat $0.22 to $0.2307 to breakout
DOGE must break past resistance levels to continue its upward movement
As of May 20th, Dogecoin’s price is showing a bullish structure on its price charts. Many crypto commentators pointed to the asset’s falling wedge pattern, which is considered a bullish reversal pattern. This pattern reflects declining prices, but the rate of decline is slowing, which potentially points to an upside.
DOGE has found solid support at the $0.210 level, with huge buying volume and traders’ interest. Dogecoin’s price must break out of the $0.22 to $0.2307 range for it to continue its bullish surge. In a Twitter/X post by Marco Polo (@MarcoPoloMaps), the popular commentator noted a breakout from a falling wedge, with a retest incoming. The post added that the dogecoin price is now hitting its higher lows since June 2023, and if it successfully hits the $0.25 range, the next target is $0.50.
DOGE and RTX: Can Remittix outrun Dogecoin?
If Dogecoin’s price breaks its resistance level and targets $0.50 in the NEAR term, holders will enjoy a 120% ROI. Not bad for the top meme coin that’s been busy retracing its past price action in previous bull cycles. However, Remittix offers a more promising ROI, thanks to its revolutionary PayFi roadmap and the prospects of an official listing. At its current price of $0.0781, early adopters who got in at $0.015 now enjoy a 500% ROI and counting.
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