Welcome to CoinFeedPro
Latest crypto news from key platforms. All
in one place.
Rounded Bottom Formation Shows When Dogecoin Price Will Begin âFlyingâ
Despite consolidating around the $0.24 area for months now, a new technical analysis suggests that the Dogecoin price could be gearing up for another explosive move this cycle. A crypto analyst has identified a recurring rounded bottom pattern in DOGEâs historic price chart, suggesting a familiar setup that often precedes massive rallies. The analyst argues that a combination of technical structure and macroeconomic conditions could once again send Dogecoin flying. Macro Correlations Suggest Dogecoin Price Rally Ahead In an extensive analysis shared on X social media, crypto market analyst Osemka highlighted a recurring pattern of rounded bottom formations in Dogecoinâs long-term price chart. His study compares the meme coinâs price behaviour against the iShares Russell 2000 ETF (IWM) and other altcoins collectively labelled as âALTS (OTHERS),â illustrating how macroeconomic cycles influence crypto risk assets. Related Reading: House Of Doge Reveals Why Institutions Are Now Closely Watching Dogecoin The chart showcases how altcoins and the IWM help depict how the Dogecoin price historically lags behind broader market movements during early ârisk-onâ phases before entering its explosive bullish phase. Osemka pointed out that once IWM breaks out, altcoins typically begin to rally, yet DOGE remains dormant for a short period. However, the real price acceleration tends to occur only after the altcoin index surpasses its previous all-time high. The cyclical lag effect of the rounded bottom series positions the Dogecoin price as a late mover that benefits from the spillover momentum from IWM and âOTHERS.â The patterns mark long consolidation phases of accumulation before the analystâs projected parabolic ascent begins. More importantly, the current market appears to align with these same pre-rally conditions, signaling that the meme coin is getting ready to âflyâ but only when the macro environment shifts to ârisk-on mode.â Expert Eyes Upcoming Dogecoin Price Discovery In a separate analysis, âZero,â another crypto market expert on X reinforced Dogecoinâs bullish thesis by emphasizing that a price discovery is imminent. His long-term chart, dating back to 2014, outlines three major accumulation and expansion cycles, each undergoing its own level of sideways action before a dramatic surge. Related Reading: Dogecoin Price Vs. M2 Global Money Supply: The Trend That Points To $1 And $100s Of Billions In Market Cap The chart highlights previous explosive phases of 218x and 548x during past bull markets, with a projected 50x move, suggesting that Dogecoin is once again nearing the end of a consolidation phase and preparing for a major breakout. The green shaded area on Zeroâs chart represents historical accumulation zonesâthe quiet consolidation periods that often precede strong price rallies. Featured image from Getty Images, chart from Tradingview.com
Rounded Bottom Formation Shows When Dogecoin Price Will Begin âFlyingâ
Despite consolidating around the $0.24 area for months now, a new technical analysis suggests that the Dogecoin price could be gearing up for another explosive move this cycle. A crypto analyst has identified a recurring rounded bottom pattern in DOGEâs historic price chart, suggesting a familiar setup that often precedes massive rallies. The analyst argues that a combination of technical structure and macroeconomic conditions could once again send Dogecoin flying. Macro Correlations Suggest Dogecoin Price Rally Ahead In an extensive analysis shared on X social media, crypto market analyst Osemka highlighted a recurring pattern of rounded bottom formations in Dogecoinâs long-term price chart. His study compares the meme coinâs price behaviour against the iShares Russell 2000 ETF (IWM) and other altcoins collectively labelled as âALTS (OTHERS),â illustrating how macroeconomic cycles influence crypto risk assets. Related Reading: House Of Doge Reveals Why Institutions Are Now Closely Watching Dogecoin The chart showcases how altcoins and the IWM help depict how the Dogecoin price historically lags behind broader market movements during early ârisk-onâ phases before entering its explosive bullish phase. Osemka pointed out that once IWM breaks out, altcoins typically begin to rally, yet DOGE remains dormant for a short period. However, the real price acceleration tends to occur only after the altcoin index surpasses its previous all-time high. The cyclical lag effect of the rounded bottom series positions the Dogecoin price as a late mover that benefits from the spillover momentum from IWM and âOTHERS.â The patterns mark long consolidation phases of accumulation before the analystâs projected parabolic ascent begins. More importantly, the current market appears to align with these same pre-rally conditions, signaling that the meme coin is getting ready to âflyâ but only when the macro environment shifts to ârisk-on mode.â Expert Eyes Upcoming Dogecoin Price Discovery In a separate analysis, âZero,â another crypto market expert on X reinforced Dogecoinâs bullish thesis by emphasizing that a price discovery is imminent. His long-term chart, dating back to 2014, outlines three major accumulation and expansion cycles, each undergoing its own level of sideways action before a dramatic surge. Related Reading: Dogecoin Price Vs. M2 Global Money Supply: The Trend That Points To $1 And $100s Of Billions In Market Cap The chart highlights previous explosive phases of 218x and 548x during past bull markets, with a projected 50x move, suggesting that Dogecoin is once again nearing the end of a consolidation phase and preparing for a major breakout. The green shaded area on Zeroâs chart represents historical accumulation zonesâthe quiet consolidation periods that often precede strong price rallies. Featured image from Getty Images, chart from Tradingview.com