{"id":9709,"date":"2025-01-26T08:02:11","date_gmt":"2025-01-26T08:02:11","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=9709"},"modified":"2025-01-26T08:02:11","modified_gmt":"2025-01-26T08:02:11","slug":"dogecoin-price-hits-double-bottom-to-trigger-massive-rally-heres-the-first-target","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=9709","title":{"rendered":"Dogecoin Price Hits Double Bottom To Trigger Massive Rally, Here\u2019s The First Target"},"content":{"rendered":"
\n

The Dogecoin price has experienced significant growth, maintaining a steady climb within a well-defined \u201cChannel Up\u201d pattern since December 2024. Recent technical indicators and price action<\/a> suggest that Dogecoin may be getting ready for a major price rally. A crypto analyst has confirmed this bullish outlook, forecasting Dogecoin\u2019s rise to its first target of $0.432.\u00a0\u00a0<\/p>\n

Double Bottom Confirms Dogecoin Price Bullish Set-Up<\/h2>\n

\u2018TradingShot,\u2019 a crypto analyst on TradingView, has forecasted<\/a> a new bullish target for Dogecoin, expecting the meme coin to rally above the $0.4325 target. According to the market expert, the Dogecoin price has bounced off the higher lows trendline of its Channel Up pattern, forming a distinct Double Bottom pattern<\/a>.<\/p>\n

The analyst shared a price chart, highlighting that the meme coin was initially trading within the Channel Up pattern since it hit a price bottom on December 20, 2024. Typically, a double bottom pattern forms near the higher lows trendline, signaling a potential for upward reversals.\u00a0<\/p>\n

The TradingView analyst also revealed that a unique buy signal<\/a> always emerges whenever the Dogecoin price makes a Double Bottom near the higher lows trendline of the pattern. Furthermore, each time this Double Bottom pattern occurs, the 4-hour Moving Average Convergence Divergence (MACD)<\/a> displays two consecutive bullish crosses.<\/p>\n

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

Previously, Dogecoin formed two Double Bottom and MACDs, triggering a significant price rally in both cases. At the time, the price of the meme coin skyrocketed to the 2.618 Fibonacci extension level,<\/a> marking new highs. Based on this past trend, the analyst believes that the meme coin could experience a similar rally as its price action appears to repeat the same pattern for the third time.\u00a0\u00a0<\/p>\n

The TradingView expert\u2019s technical analysis<\/a> also highlights the role of other moving averages, underscoring that the 4-hour MA50 acts as a crucial support area while the MA200<\/a> underscores a broader trend. Currently, the Dogecoin price is rebounding<\/a> off the Double Bottom near the trend line, and the analyst projects a short-term rally toward $0.4325, aligning with the 2.618 Fibonacci extension level.\u00a0<\/p>\n

Historical Patterns To Trigger Price Rally Above $20<\/h2>\n

In another X post<\/a>, crypto analyst Trader Tardigrade projected a massive price surge for Dogecoin<\/a> in this bull market. The analyst has based his optimistic forecast on historical trends where DOGE experienced bull rallies after surpassing a previous \u201ccandle body high\u201d in 2017 and 2021. At the time, the meme coin had jumped by over 3,000% and 8,000% respectively.<\/p>\n

Drawing from historical trends, Trader Tardigrade predicts that if Dogecoin follows a similar trend pattern, its price could rally<\/a> to $8.32 before skyrocketing to an ultimate target of $20.68. As of writing, the price of DOGE is trading at $0.34 after declining<\/a> by over 12% in the past week. A surge to the analyst\u2019s projected targets would require the meme coin to rally by 2,347% and 5,982%, respectively. <\/p>\n

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

The Dogecoin price has experienced significant growth, maintaining a steady climb within a well-defined \u201cChannel Up\u201d pattern since December 2024. Recent technical indicators and price action suggest that Dogecoin may be getting ready for a major price rally. A crypto analyst has confirmed this bullish outlook, forecasting Dogecoin\u2019s rise to its first target of $0.432.\u00a0\u00a0 […]<\/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-9709","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\/9709","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=9709"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/9709\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9709"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}