The Dogecoin price has been consolidating around the $0.1 mark, experiencing notable price fluctuations. Amidst this market volatility, the cryptocurrency displays a unique historical chart pattern that a crypto analyst has deemed bullish. Should Dogecoin continue to stay above this pattern, its price is expected to witness a massive 300X run to new All-Time Highs (ATHs) at $30. 

Dogecoin Price Pre-Rally Stage Signals Potential Pump

Crypto analyst, Trader Tardigrade has revealed a new technical pattern in the Dogecoin price chart, signaling a potential move upwards to new ATHS. The analyst took to X (formerly Twitter) on October 5 to discuss this price pattern, highlighting that Dogecoin is currently trading above the 200-day Simple Moving Average (SMA).  

The 200 SMA is a key technical indicator used in determining the overall long-term market trend of a cryptocurrency. Based on this price pattern, Trader Tardigrade draws a comparison between Dogecoin’s current price action and its historical movements from 2017 to 2020. 

According to the analyst, Dogecoin is mirroring past moves and could see its price experiencing a similar bullish rally from the past. From 2017 to 2019, Dogecoin witnessed a Go to Source to See Full Article
Author: Scott Matherson

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