The Dogecoin price has successfully completed its final retest of a crucial support level, signaling renewed potential for a significant rebound. According to crypto analyst Trader Tardigrade, Dogecoin could be headed to new all-time highs, as historical chart patterns suggest a parabolic surge might be on the horizon.

Dogecoin Price Concludes Final Support Retest 

In an X (formerly Twitter) post, Trader Tardigrade declared that Dogecoin had completed its final retest of the critical support level at $0.31. The analyst presented a chart predicting Dogecoin’s next major rally and price trajectory based on recurrent historical trends.

This chart, illustrating Dogecoin’s price action from 2014 to the present, highlights periods of consolidation, breakout, and parabolic growth. During previous market cycles, Dogecoin has exhibited similar price movements and market behavior. Each cycle is characterized by a prolonged period of sideways movement, followed by a breakout of key resistance and a final retest of this resistance as the new support.

In 2017, Dogecoin experienced its first final support retest around the $0.00095 mark before witnessing a significant rally, pushing its price to $0.02. A similar pattern also emerged in early 2021 during the previous bull run, where Dogecoin completed its final retest and surged to an all-time

Go to Source to See Full Article
Author: Scott Matherson