Dogecoin once again shows signs of history repeating itself, with its famous 1-2 layers returning to the charts. After breaking out of the keys $0.22-$0.24 channel, Momentum is built to align the bull signal, suggesting that Meme Coin is preparing for another powerful move.
Breakout from the end of the consolidation of the 0.22-0.24 mark
In a recent update, Alpha Crypto Signal highlighted the key development of Dogecoin, noting that Meme Coin has been successfully split from long-standing horizontal channels. The channel, which included prices between $0.22 and $0.24 over the long term, was a key consolidation zone of assets. A critical violation of this range confirms a major change in momentum and marks the end of a long-term stage of stagnant price action.
The validity of this breakout is further strengthened by a key technical indicator: rising volume. As Dogecoin pushed higher, the increase in trading volume served as a signal of strong beliefs from buyers. This powerful support shows that this move is not a fleeting event, but rather a real spike in interest, with a large amount of capital flowing through the assets.
Following that powerful rally, Dogecoin is currently experiencing a healthy and expected pullback between $0.29 and $0.30 from the resistance zone. However, this slight hideout is a positive and natural part of a powerful upward as it allows markets to consolidate and prevent the gathering from overheating.
Experts say the pullback presents a strategic opportunity for traders. Alpha Crypto Signal suggests that breakout levels retest, especially the $0.24-$0.25 zone can provide a solid long opportunity. It is expected that positive momentum from the breakout will continue as long as Dogecoin can hold above this critical zone and maintain its overall bullish structure.
Dogecoin Pattern Repeat: History points to another pump
In a recent post on X, Crypto analyst Cryptoelltes revealed a compelling observation about Dogecoin's price history. He claims that certain technical patterns are repeated on the charts. This has always been ahead of all major dogcoin pumps in the past. This historical correlation suggests that the current setup is extremely important.
According to the analysis, Dogecoin is in the final stages of this “1-2 pattern.” The chart shows the same formations that previously put assets into some parabolic movements. The market has shown the same bullish behaviour that historically led to the explosive growth of the coin, so there could be a major upward movement on the horizon.
