The annual Dogecoin price chart showed a precise harmonic pattern. The years 2015, 2019 and 2023 marked significant bottoms, indicating a potential market recovery.
After these lows in 2016, 2020 and the current 2024, DOGE has seen a steady rally, setting the stage for significant uptrends.
Historically, the years immediately following these accumulations – 2017, 2021 and potentially 2025 – could witness explosive growth amid anticipation among traders and investors.
This consistent pattern suggests that 2025 could mirror previous pump years, with expectations of a significant bullish move.
This price action chart indicates the rhythm of the Dogecoin market cycles, supporting the prediction of a strong uptrend in 2025 if the pattern holds true.
This cycle analysis is aligned with the strategic outlook for the future behavior of Dogecoin in the market.
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TD sequential signal
Dogecoin’s 4-hour chart also showed a buy signal, as indicated by the TD Sequential indicator, signaling a potential price recovery.
In the last week of December this year, the price of DOGE fluctuated, falling to the lowest values and briefly reaching a peak before stabilizing. The chart suggested an immediate rise in price, which coincided with a buy signal.
During this period, price oscillations between significant support and resistance levels were evident, and the key moment was marked by a signal.
These technical signals often attract the trader’s attention, potentially increasing buying activity.
This pattern highlights the cyclical nature of DOGE price movements and the importance of technical indicators in predicting short-term price directions.
Is the Weekly RSI Bottoming for Dogecoin Price?
The DOGE weekly chart also showed a pattern of spinning candlestick tops, signaling indecision in the market.
Notably, similar patterns have appeared multiple times in the past, hinting at potential bottom points.
During these instances, the Relative Strength Index (RSI) kept touching the support level, reinforcing the idea that Dogecoin may have reached a base from which it could climb.
This correlation between spinning tops and the RSI reaching support suggests a possible setup for an uptrend.
The setup was key to predicting future movements, potentially indicating the start of a bullish phase for DOGE, as the RSI position provides confirmation of underlying strength.
A sudden increase in whale activity
Moreover, the heavy activity of Dogecoin in the last two days increased as large holders bought more than 90 million DOGE, indicating a strong accumulation.
This wave of buying coincided with a visible rise in price, where the sharp rise followed a period of relative stability.
The moves suggested whales were bracing for a potential rally, predicting that the accumulation could fuel future price increases.
The chart showed a corresponding increase in price during these transactions, hinting at the impact of these large purchases.
This pattern, if it continues, could signal the start of a bullish phase for Dogecoin, driven by overwhelming confidence in its upward trajectory.
