On the DOGE/USD chart for 3 days, the trend line shows how the price of this meme coin has consistently reacted throughout 2023 and 2024. Every interaction with this green zone leads to an upward movement, reinforcing its technical relevance. Currently, Dogecoin is close to this support level, making many people wonder if the price could reverse soon or not. The long-term pattern shows the potential for a bullish breakout alongside the short-term support level, as the DOGE price follows a recurring cycle characterized by a 3-month increase period, followed by a 5-month decline period. Two years ago, this cycle occurred twice, as shown by the monthly candlestick charts of dealer Tardigrade. If the market has recently developed in a way similar to past patterns, the price of Dogecoin could rise starting in June.#Crypto Market Pullback #Trading Strategy Sharing
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On the DOGE/USD chart for 3 days, the trend line shows how the price of this meme coin has consistently reacted throughout 2023 and 2024. Every interaction with this green zone leads to an upward movement, reinforcing its technical relevance. Currently, Dogecoin is close to this support level, making many people wonder if the price could reverse soon or not. The long-term pattern shows the potential for a bullish breakout alongside the short-term support level, as the DOGE price follows a recurring cycle characterized by a 3-month increase period, followed by a 5-month decline period. Two years ago, this cycle occurred twice, as shown by the monthly candlestick charts of dealer Tardigrade. If the market has recently developed in a way similar to past patterns, the price of Dogecoin could rise starting in June.#Crypto Market Pullback #Trading Strategy Sharing