Dogecoin

2024

bullish

<p>Dogecoin’s price action is currently displaying a repeat of the 2020 ‘Reversal Box’ pattern. This pattern, which was noted by a top crypto analyst on X, CEO, has manifested as three higher lows, indicating a strong bullish trend.</p>
<p>The crypto analyst notes that Dogecoin recently broke through a significant resistance level, reminiscent of its previous price surges.</p>
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<h2 class="wp-block-heading" id="comparing-the-2020-and-the-2024-doge-price-pattern">Comparing the 2020 and the 2024 DOGE Price Pattern</h2>
<p>The analyst compared Dogecoin’s price action in 2020 and 2024. They show striking similarities.</p>
<p>The 2020 chart illustrates a “Reversal Box” where Dogecoin formed three consecutive higher lows. This was followed by a breakout that led to a dramatic price surge, marking <a href="https://paybis.com/blog/glossary/what-is-an-ath/#:~:text=It%20is%20reached%20when%20a,%2DTime%20High%20(ATH)." target="_blank" rel="noopener noreferrer nofollow">a new all-time high (ATH). </a></p>
<p>In a parallel manner, the 2024 chart displays a similar setup, suggesting that Dogecoin is poised for another potential rally.</p>
<p>The analysis shows a downward-sloping trendline acting as resistance in both charts. In 2020, once Dogecoin broke above this trendline, a significant upward move started.</p>
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<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="587" src="https://captainaltcoin.com/wp-content/uploads/2024/10/image-857-1024x587.png" alt="" class="wp-image-571078" srcset="https://captainaltcoin.com/wp-content/uploads/2024/10/image-857-1024x587.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-857-300x172.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-857-767x440.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-857-1536x881.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-857-2048x1174.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-857-262x150.png 262w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-857-100x57.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-857-610x350.png 610w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-857-788x451.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-857.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>The current chart from 2024 indicates that Dogecoin may again be on the brink of breaking through this resistance, setting <a href="https://captainaltcoin.com/dogecoin-doge-breaks-6-month-record-price-charts-signal-incoming-decline-but-theres-a-catch/" target="_blank" rel="noopener noreferrer nofollow">the stage for a possible price explosion.</a> The repeating pattern suggests that the price action in 2024 closely mirrors the bullish setup seen in 2020.</p>
<p>The formation of three higher lows, followed by a potential breakout, points to a strengthening uptrend. This could indicate an upcoming rally similar to what Dogecoin experienced previously, raising hopes for another all-time high.</p>
<p>The analysis suggests that <a href="https://www.coingecko.com/en/coins/dogecoin" target="_blank" rel="noopener noreferrer nofollow">Dogecoin’s current trajectory</a> may be on the edge of a significant leap, akin to the breakout witnessed in 2020. If the price manages to successfully breach the identified resistance, it could spark a considerable rally, potentially reaching new heights. However, market participants are advised to stay attuned to other influencing factors and trends before finalizing their trading strategies.</p>
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<p>The post <a href="https://captainaltcoin.com/dogecoin-doge-price-could-resume-surge-to-new-all-time-high-as-familiar-bullish-pattern-reemerges/" rel="noopener noreferrer nofollow">Dogecoin (DOGE) Price Could Resume Surge to New All-Time High as Familiar Bullish Pattern Reemerges</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Dogecoin (DOGE) Price Could Resume Surge to New All-Time High as Familiar Bullish Pattern Reemerges

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