Dogecoin’s Parallel Channel Formation Hints At A Path To New All-Time High
Dogecoin‘s persistent bearish performance might be coming to an end shortly as the meme coin appears to have formed a bullish chart pattern, capable of igniting upward momentum. With price movements eyeing a bounce toward the upside, crypto analysts anticipate an upsurge for DOGE to new highs. A Major Breakout Brewing For Dogecoin Dogecoin’s recent […]
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An analyst has explained how a Dogecoin monthly close above this level could pave the way for the memecoin to retest its all-time high (ATH). Dogecoin Is Trading Around The Lower End Of An Ascending Channel In a new post on X, analyst Ali Martinez has shared a technical analysis (TA) pattern that the monthly price of Dogecoin has been showing recently. The pattern in question is an “Ascending Channel,” which is a type of Parallel Channel. Parallel Channels form when an asset’s price consolidates between two parallel trendlines. The upper line is likely to provide....
A new technical chart shared by crypto analyst Cas Abbé (@cas_abbe) on X is showing a recurring bullish pattern in Dogecoin’s price action. The 3-day chart highlights three distinct descending channels in Dogecoin’s history—one during Q4 2023, another in Q3 2024, and the current one in early 2025—that each preceded major price surges of over 150%. Dogecoin’s 150% Breakout Pattern Is Back Abbé writes via X: “DOGE is currently in a bullish descending channel, similar to Q4 2023 and Q3 2024. In both cases, the breakout resulted in a 150%+ pump.” The chart illustrates how Dogecoin formed a....
An analyst believes Pudgy Penguins (PENGU) could be close to a big breakout based on this technical analysis (TA) pattern in its 4-hour chart. PENGU Has Potentially Been Following A Bull Flag Recently In a new post on X, analyst Ali Martinez has shared what could be next for Pudgy Penguins according to a chart pattern. The formation in question is a Bull Flag, which is a type of Flag. Flags form whenever the price of an asset experiences a period of consolidation inside a parallel channel following an initial sharp move. This starting move is known as the ‘pole,’ and the....
Litecoin (LTC) is performing at its peak levels as seen in the past five days. LTC exhibits the formation of a rising parallel channel pattern LTC price is down by 0.69% as of this writing LTC price on a 5-day straight rally registered a growth of 21.4% LTC is having a bull run as validated by the formation of a rising parallel channel pattern touching the key resistance seen at $66. The key resistance zone has been a major hurdle for LTC hindering any bullish growth for the past couple of months, hinting at a price reversal. Nonetheless, even if the LTC price can break through the....
An analyst has explained how Dogecoin could observe a significant rally next if its price can hold the bottom level of this pattern. Dogecoin Is Currently Testing The Lower Bound Of An Ascending Channel In a new post on X, analyst Ali Martinez has discussed about a long-term pattern forming in the weekly price of Dogecoin. The pattern in question is the “Ascending Channel” from technical analysis (TA), which is a type of Parallel Channel. A Parallel Channel is a consolidation pattern in which the price of the asset remains locked between two parallel trendlines. The upper level....