Dogecoin News: The PMO signals the start of a new bullish run.

The price chart of Dogecoin is showing surprising similarities to previous bullish runs, with key technical indicators like the PMO signaling growth. Combined with significant whale transfers, the stage is set for a possible breakout, although market corrections may provide healthy pauses in the overall upward trend.

An analyst believes that the price of Dogecoin is poised for a big rise.

The chart shows the weekly Price Momentum Oscillator (PMO) of Dogecoin, indicating that a new bullish run may be brewing. In previous occasions, when the PMO was bullish and crossed bullish thresholds, we saw strong rises in 2017 and 2021.

The PMO is curving upward towards smaller increases. It resembles previous patterns that initiated explosive growth on their own, indicating an early phase of another major rally.

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