{"id":17296,"date":"2025-03-11T21:16:31","date_gmt":"2025-03-11T21:16:31","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=17296"},"modified":"2025-03-11T21:16:31","modified_gmt":"2025-03-11T21:16:31","slug":"dogecoins-price-drop-laying-the-groundwork-for-a-major-upside-move-a-new-all-time-high-close","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=17296","title":{"rendered":"Dogecoin\u2019s Price Drop Laying The Groundwork For A Major Upside Move, A New All-Time High Close?"},"content":{"rendered":"
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Dogecoin\u2019s recent bearish performance<\/a> in the past several weeks has cast doubts about its potential in the ongoing bull market cycle and its long-term prospects. DOGE may have declined sharply toward key levels last seen in 2024, but many analysts foresee a price reversal, which could be part of a larger bull trend.<\/p>\n

Trader Tardigrade, a seasoned market expert and investor, has outlined an impending significant bullish run for Dogecoin. The analyst expects the price reversal to be bolstered by a prolonged chart pattern, strengthening DOGE\u2019s performance for an upside.<\/p>\n

Is It Time For Dogecoin To Witness Another Notable Rally?\u00a0<\/h2>\n

Despite the magnitude of DOGE\u2019s price pullback, there is still hope for a rebound as key indicators point to a growing upward momentum. Delving into the current performance, Trader Tardigrade revealed<\/a> that the meme coin continues to maintain its Gaussian Channel pattern while undergoing downward movements, indicating resilience in the volatile period.<\/p>\n

The drop has brought DOGE\u2019s price closer to the mid-band of the Gaussian Channel formation, which is a bullish signal. This is because the band previously stopped Dogecoin from falling deeper during the Falling Wedge pattern. With DOGE approaching the mid-band, Trader Tardigrade is confident that the time has come for a rebound<\/a> if it responds similarly to the last time.<\/p>\n

\"Dogecoin\"<\/p>\n

Presently, Dogecoin is hovering around a key support level that previously served as a springboard for a substantial pump. Should the meme coin<\/a> mirror past trends, another rally could unfold at this point, potentially pushing it back to yearly highs of around $0.48. With the help of huge accumulations at current levels, DOGE also stands the chance to undergo a price reversal<\/a> in the upcoming weeks.<\/p>\n

A Price Drop Before A Major Upsurge<\/h2>\n

In another of his recent analyses<\/a>, the expert suggests that DOGE\u2019s sharp price decline might be setting the stage for a huge rally. In other words, the ongoing correction is a natural one that precedes robust upward performance, allowing the dog-themed meme coin to target a new all-time high. His analysis is based solely on past scenarios whereby DOGE<\/a> surged dramatically after witnessing a strong pullback.<\/p>\n

So far, the meme coin has experienced 3 notable pullbacks, including the ongoing correction since October 2022. Dogecoin\u2019s chart in the 3-day time frame shows that the asset saw a 64% retracement in the first two pullbacks in 2023 and 2024. Following each pullback, DOGE shifted into bullish territory, recording more than 300% and 500% increases, respectively.<\/p>\n

Meanwhile, the current price pullback has reached 66%, which Trader Tardigrade believes could offer enough momentum for Dogecoin to pump<\/a> similarly to past scenarios or even more than that. Looking at the chart, the analyst expects the impending surge to push prices to the $1 milestone, marking a new all-time high for DOGE.<\/p>\n

\"Dogecoin\"<\/div>\n","protected":false},"excerpt":{"rendered":"

Dogecoin\u2019s recent bearish performance in the past several weeks has cast doubts about its potential in the ongoing bull market cycle and its long-term prospects. DOGE may have declined sharply toward key levels last seen in 2024, but many analysts foresee a price reversal, which could be part of a larger bull trend. Trader Tardigrade, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-17296","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/17296","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17296"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/17296\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}