Dogecoin

Rally

Resistance

<p>Ali, a crypto analyst, highlights that historical trends suggest November could ignite a parabolic bull run for Dogecoin (DOGE). He emphasizes the importance of monitoring a sustained close above the critical $0.20 mark.</p>
<p>The analyst presents a chart illustrating three notable descending triangle patterns on Dogecoin’s monthly timeframe, each followed by significant breakouts. He breaks down these patterns to analyze their implications for potential future movements.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/is-pepe-price-ready-to-skyrocket-key-support-holds-for-major-move/" target="_blank" rel="noopener noreferrer nofollow">Is PEPE Price Ready to Skyrocket? Key Support Holds for Major Move!&nbsp;</a></em></strong></p>
<h2 class="wp-block-heading" id="key-observations-from-historical-patterns">Key Observations from Historical Patterns:</h2>
<p><strong>First Pattern (2015-2017):</strong><br> A<a href="https://corporatefinanceinstitute.com/resources/career-map/sell-side/capital-markets/descending-triangle/#:~:text=A%20descending%20triangle%20refers%20to,is%20lower%20than%20the%20first." target="_blank" rel="noopener noreferrer nofollow"> descending triangle </a>developed over approximately 38 months. The price surged past the descending trendline, resulting in an astronomical gain of over 8,933%, marking Dogecoin’s inaugural major rally.</p>
<p>Following an extended consolidation within the triangle, a bullish breakout led to parabolic price movement.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="708" src="https://captainaltcoin.com/wp-content/uploads/2024/10/image-1206-1024x708.png" alt="" class="wp-image-575313" srcset="https://captainaltcoin.com/wp-content/uploads/2024/10/image-1206-1024x708.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1206-300x207.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1206-767x530.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1206-1536x1062.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1206-2048x1415.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1206-217x150.png 217w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1206-100x69.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1206-506x350.png 506w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1206-788x544.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1206.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p><strong>Second Pattern (2018-2021):</strong><br>Another similar descending triangle formed, lasting about 36 months. This breakout was even more substantial, yielding a gain exceeding 15,524%. The setup and duration closely mirrored the first, leading to another significant rally after a confirmed breakout above the trendline.</p>
<p><strong>Current Pattern (2022-Present):</strong><br>A comparable descending triangle pattern is currently in play, with Dogecoin consolidating for roughly 42 months. The price approaches the upper boundary of the triangle, near the $0.20 level, which serves as a critical resistance.<br><br>According to the analyst, a sustained monthly close above $0.20 could confirm a breakout, potentially triggering another parabolic surge reminiscent of previous patterns.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/how-much-will-100000-jasmycoin-jasmy-tokens-be-worth-in-this-bull-run/" target="_blank" rel="noopener noreferrer nofollow">How Much Will 100,000 JasmyCoin (JASMY) Tokens Be Worth in This Bull Run?</a></em></strong></p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Celebrate Dogecoin and Make Big Gains with Doge2014!
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://doge2014.io" target="_blank" rel="noopener noreferrer nofollow">Doge2014</a></strong> raises 500K in days celebrating Dogecoin. Make potentially big profits and get in on <strong><a href="https://doge2014.io/en/airdrop" target="_blank" rel="noopener noreferrer nofollow">exclusive airdrop</a></strong>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<h2 class="wp-block-heading" id="ali-s-analysis-key-levels-to-watch">Ali’s Analysis: Key Levels to Watch</h2>
<p>Ali indicates that history may repeat itself, with November poised to initiate a bullish run for Dogecoin if it achieves a sustained close above $0.20. This price point represents the upper boundary of the descending triangle.</p>
<p>A breakout and hold above this level would signify strength and likely attract significant buying interest. The consistent pattern structure and breakout behavior across all three instances suggest that Dogecoin could be on the verge of another explosive move if it closes above the trendline resistance.</p>
<p>Previous breakouts from similar setups have resulted in exponential gains, although past performance does not guarantee future results.</p>
<p>Surpassing the $0.20 mark may generate a fresh wave of investor interest, particularly given the influence of social sentiment and historical trends on Dogecoin’s pricing.</p>
<p><em><strong>Follow us on <a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>, <a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap </a>and <a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a> for more daily crypto updates.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank" rel="noopener noreferrer nofollow">Take 2 mins to learn more</a></strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/dogecoin-doge-memecoin-to-resume-parabolic-rally-if-price-closes-above-this-key-resistance/" rel="noopener noreferrer nofollow">Dogecoin (DOGE) Memecoin to Resume Parabolic Rally If Price Closes Above This Key Resistance</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Dogecoin (DOGE) Memecoin to Resume Parabolic Rally If Price Closes Above This Key Resistance

Table of Contents

CaptainAltcoin

Other articles published on Oct 31, 2024

BRICS Bitcoin Mining Plan by Russia Showcases ‘Game Theory’ in Action, Analyst States

Dogecoin Rises with Musk’s D.O.G.E. Plan; Rollblock Eyes TRON

Arthur Hayes Analyzes Trump’s Influence on Bitcoin and Chinese Economic Policies

Demand for Short-Term Treasuries Grows Amid Stablecoin Rise

Bitcoin investors pile $875M into BlackRock fund amid crypto rally

Chorus One Introduces TON Pool: The First Institutional Solution for Scalable TON staking (31 Oct)

Join our free newsletter for daily crypto updates!