Recently, after attempting to break through the high of $0.47 without success, $DOGE has experienced a certain degree of pullback.
During this period, Dogecoin whales transferred over $100 million worth of DOGE, undoubtedly injecting new vitality into the market.
As Dogecoin gradually shows signs of recovery, analysts have begun to adopt an optimistic outlook on its future price trends.
They predict that in the upcoming bull market cycle, Dogecoin's price is expected to achieve a significant increase of up to 400%.
This prediction is not unfounded, but rather based on the current technical formation and market trends of Dogecoin.
From a technical perspective, Dogecoin has currently formed a typical bullish triangular flag pattern. This pattern is generally seen as a signal that the price is about to break upwards, indicating that Dogecoin may experience a strong upward trend in the near future.
It is worth noting that after experiencing this surge, Dogecoin entered a consolidation phase, with the current price stabilizing around $0.42.
This consolidation phase may be a necessary cooling period for Dogecoin. It allows market participants to adjust their positions and strategies, preparing for the upcoming upward movement.
At the same time, this consolidation phase also provides us with an important window to observe Dogecoin's future trends.
In terms of support and resistance, Dogecoin's current direct support level is at $0.40.
If the price can stabilize above this level, Dogecoin is likely to break through the next significant resistance level—$0.45.
Once this resistance level is broken, Dogecoin's price may further approach the $0.50 level.
If the price fails to maintain above $0.40, then Dogecoin may face some pullback pressure.
The previously laid out bonk doge xrp wif apt op uin link eigen are also good,
In the next layout direction, we will still aim for the lucrative opportunities in altcoins together with the fan group,
Don't be a headless fly bumping around anymore. If you want to gain multiple returns in the bull market, now is the best time. Comment 111, and I will provide full support for you, making it easy for you to join in and enjoy the bull market dividends! 🚀
