Dogecoin Bull Run Could Start After False Break, Says Chartist Even As Key Indicator Flashes ‘Sell’ Signal
A widely followed cryptocurrency analyst predicted a possible bull run for Dogecoin (CRYPTO: DOGE) on Tuesday, following a false break in the dog-themed memecoin’s trajectory.
What Happened: Trader Tardigrade, an X user known for their bullish outlook on Dogecoin, noticed that the coin has made a false break for the first time since December 2024
“It’s staying above the support line for days, confirming the characteristics of a false break,” the chartist stated. “A new DOGE bull run could start from this false break.”
As the term implies, false breakouts trick traders into believing that a trend is shifting, only for the price to reverse swiftly, resulting in significant price movements in the opposite direction. In the above example, Trader Tartigrade emphasized DOGE’s persistence above the support level at …
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