Dogecoin Teases ‘Diamond Bottom’ Reversal: Is A Breakout Imminent?
Posted On May 6, 2025
After a stretch of muted price action, Dogecoin (CRYPTO: DOGE) may be gearing up for a trend reversal, cushioned by positive ecosystem developments.
Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
Dogecoin (CRYPTO: DOGE) | $0.1672 | $24.9 billion | -2.2% | -6.5% |
Shiba Inu (CRYPTO: SHIB) | $0.00001246 | $7.3billion | -2.2% | -8.9% |
Pepe (CRYPTO: PEPE) | $0.057798 | $3.3 billion | -1.9% | -14.3% |
Trader Notes: Crypto trader Trader Tardigrade pointed to a potential “Diamond Bottom” pattern forming on the daily chart, a classic signal of a downtrend ending and an uptrend beginning. He flagged the structure as a key reversal setup.