- Historical pattern for DOGE/BTC suggest bullish Q4 for Dogecoin.
- Dogecoin’s long accounts % is in the 96th percentile.
Dogecoin [DOGE], the largest memecoin, is gearing up for the last quarter of the year as the overall crypto market recovers from a recent crash triggered by geopolitical tensions between Israel and Iran.
DOGE is expected to lead other memecoins in a rally during this period. Historical patterns in the DOGE/BTC pair suggest the market may be entering an interesting phase for Dogecoin.
In the past, DOGE pumps started 235 days after Bitcoin halving, twice leading to significant gains.
This year, a similar pattern has emerged, raising the question of whether gains over 90% are on the horizon for DOGE in this final quarter.
Source: Sanki/X
The repetition of these patterns strongly suggests a bullish outlook for Dogecoin in Q4.
Dogecoin RSI bounce
One key factor supporting this bullish outlook is the appearance of a divergence signal, often indicating a potential reversal or continuation of trends.
In this case, traders are anticipating a reversal towards bullish momentum for DOGE. This divergence occurred when Dogecoin traded below the 200-week moving average.
However, the Relative Strength Index (RSI) bounced from the oversold zone, signaling that now could be the ideal time to enter long positions, with expectations of DOGE seeing gains similar to previous cycles—potentially exceeding 90%.
