Dogecoin

Rally

Kevin

<p>In an analysis posted on Sunday, Ali (@ali_charts) explained<a href="https://captainaltcoin.com/this-dogecoin-chart-pattern-suggests-doge-price-could-hit-1-heres-why/" target="_blank" rel="noopener noreferrer nofollow"> the potential for Dogecoin (DOGE) </a>to replicate historical price movements. He pointed out a familiar pattern involving breakouts from multi-year descending triangles, which have historically led to significant price surges.</p>
<p>According to Ali, after experiencing a notable 65% pullback, DOGE might be poised for another substantial rally, echoing past trends where similar price movements preceded bullish runs.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="649" src="https://captainaltcoin.com/wp-content/uploads/2024/10/image-223-1024x649.png" alt="" class="wp-image-562638" srcset="https://captainaltcoin.com/wp-content/uploads/2024/10/image-223-1024x649.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-223-300x190.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-223-767x486.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-223-1536x974.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-223-2048x1298.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-223-237x150.png 237w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-223-100x63.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-223-552x350.png 552w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-223-788x499.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-223.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
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  Ali (@ali_charts) / X
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<p><a href="https://x.com/ali_charts/status/1842985818430062993?t=aaG5GARpOBjn84ZB3sYa-Q&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">Ali’s observations </a>reveal a consistent pattern: after breakouts from descending triangles, Dogecoin typically experiences substantial price increases followed by retracements. His analysis references three notable instances:</p>
<p><strong>First instance (2017): </strong>DOGE broke out from approximately $0.00035, leading to a surge of 229.56%.<br><strong>Second instance (2020):</strong> Following another descending triangle, DOGE surged by 138.04% after breaking out from around $0.00318.<br><strong>Third instance (2021-2023):</strong> A significant increase of 207.85% occurred, with prices rising from around $0.154 to above $0.60 before retracing.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/bitcoin-price-nears-64k-why-is-the-crypto-market-up-today/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin Price Nears $64K – Why Is the Crypto Market Up Today?</a></em></strong></p>
<p>The recurring theme in Ali’s analysis suggests that Dogecoin’s current situation mirrors these historical patterns. With the recent pullback, the conditions appear ripe for a potential bull run, if history is to be believed.</p>
<h2 class="wp-block-heading" id="dogecoin-could-create-analysts-dreams">Dogecoin Could Create Analysts’ Dreams</h2>
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   <p lang="en" dir="ltr">This <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Dogecoin</a> chart if it hold up is a analysts dream. Beautiful macro falling wedge with a bullish backtest in play. <a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#DOGE</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Altcoins</a> <a href="https://t.co/7byX6maCkt" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/7byX6maCkt</a></p>— Kevin (@Kev_Capital_TA) <a href="https://twitter.com/Kev_Capital_TA/status/1842954909903417678?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 6, 2024</a>
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<p>Adding to this sentiment, Kevin (@Kev_Capital_TA) provided a complementary analysis of Dogecoin’s chart, focusing on a macro <a href="https://www.investopedia.com/terms/w/wedge.asp" target="_blank" rel="noopener noreferrer nofollow">falling wedge pattern</a>. He emphasized the bullish implications of this formation, noting that the price has recently broken out and is in the process of a backtest.</p>
<p>If the price holds above the upper boundary of the wedge, Kevin believes that Dogecoin’s bullish outlook will strengthen, potentially leading to higher price targets.</p>
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<h2 class="wp-block-heading" id="will-history-repeat">Will History Repeat?</h2>
<p>Together, Ali and Kevin present a compelling case for Dogecoin’s potential resurgence. Their analyses suggest that, like in previous years, the cryptocurrency may be on the brink of another significant rally.</p>
<p>If past patterns hold, traders might witness a repeat of history, with Dogecoin gathering momentum for a new bullish phase.</p>
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<p>The post <a href="https://captainaltcoin.com/dogecoin-doge-gears-up-for-big-price-rally-as-familiar-bullish-pattern-reemerges-will-history-repeat/" rel="noopener noreferrer nofollow">Dogecoin (DOGE) Gears Up for Big Price Rally as Familiar Bullish Pattern Reemerges: Will History Repeat?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Dogecoin (DOGE) Gears Up for Big Price Rally as Familiar Bullish Pattern Reemerges: Will History Repeat?

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