Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Déjà Vu for Dogecoin? Current Pattern Matches Previous 150% Rallies

Déjà Vu for Dogecoin? Current Pattern Matches Previous 150% Rallies

YellowYellow2025/02/18 19:44
By:Yellow

A newly revealed chart by crypto analyst Cas Abbé, shared on X, highlights a recurring bullish pattern in Dogecoin 's price history. The 3-day chart identifies three downward-trending channels that historically preceded significant price increases exceeding 150%.

Abbé noted on X: "DOGE is currently in a bullish descending channel, similar to those seen in Q4 2023 and Q3 2024. Both instances led to a 150%+ breakout.” In Q4 2023, Dogecoin's price followed a downward-sloping channel before breaking out in late December, soaring over 150% in subsequent weeks. A comparable pattern emerged in Q3 2024, with the cryptocurrency again pushing through a descending trendline, resulting in another considerable price surge.

Currently, Dogecoin mirrors these historical formations, trading within what Abbé calls a "bullish descending channel.”

The 3-day timeframe reveals Dogecoin fluctuating between parallel descending trendlines, ranging from approximately $0.36 to $0.24. Should history repeat, Abbé foresees a significant upside upon breaching the channel's resistance, with DOGE currently positioned at the channel's lower boundary—potentially an opportune moment to buy. However, a downward break could nullify this bullish outlook.

Despite the muted sentiment surrounding meme-based cryptocurrencies, Abbé highlights Dogecoin’s resilience over the past decade. "Sentiment for memes may be down, but DOGE has been around for ten years and will persist. A $1 DOGE remains a realistic target for this cycle," he stated. Although past performance does not guarantee future results, Abbé’s chart highlights a dependable technical pattern preceding Dogecoin's notable movements.

Offering a short-term perspective, analyst Ali Martinez shared on X that the TD Sequential indicator on the 4-hour chart signals a buying opportunity, suggesting a potential momentum shift. "Dogecoin may be poised for a rebound as the TD Sequential flashes a buy signal," Martinez commented. The indicator is widely esteemed among technical traders for its run-topping and bottoming precision.

In response to skepticism about his previous day's warning of a "death cross" between the MVRV Ratio and its 200-day moving average, Martinez emphasized market cyclical behaviors: "No asset moves in a straight line endlessly." At the time of writing, DOGE was priced at $0.25456.

Disclaimer: The information provided in this article is for educational purposes only and should not be considered financial or legal advice. Always conduct your own research or consult a professional when dealing with cryptocurrency assets.

1

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

The covert war escalates: Hyperliquid faces a "kamikaze" attack, but the real battle may have just begun

The attacker incurred a loss of 3 million in a "suicidal" attack, but may have achieved breakeven through external hedging. This appears more like a low-cost "stress test" targeting the protocol's defensive capabilities.

ForesightNews 速递2025/11/28 08:23
The covert war escalates: Hyperliquid faces a "kamikaze" attack, but the real battle may have just begun

Interview with VanEck Investment Manager: From an Institutional Perspective, Should You Buy BTC Now?

The support levels near $78,000 and $70,000 present a good entry opportunity.

深潮2025/11/28 07:23
Interview with VanEck Investment Manager: From an Institutional Perspective, Should You Buy BTC Now?

Macroeconomic Report: How Trump, the Federal Reserve, and Trade Sparked the Biggest Market Volatility in History

The deliberate devaluation of the US dollar, combined with extreme cross-border imbalances and excessive valuations, is brewing a volatility event.

深潮2025/11/28 07:22
Macroeconomic Report: How Trump, the Federal Reserve, and Trade Sparked the Biggest Market Volatility in History