Dogecoin is Showing Strong Bullish Signals Once Again

This time is no different 🚀 #Dogecoin Pump is Almost Here 🔥A third falling wedge breakout has just occurred in $Doge/$BTC.

Dogecoin price has shown strong bullish signals once again as technical analysis indicates that DOGE has completed a third falling wedge breakout against Bitcoin. This pattern is historically powerful and typically leads to upward momentum.

Analysts noted that each of Dogecoin’s previous falling wedge breakouts were followed by price surges. Now, with this latest move, buyers appear to be lining up, pushing Dogecoin higher with fresh momentum and setting the stage for a potential reclaim of its all-time high.

#Dogecoin Pump is Almost Here 🔥A third falling wedge breakout has just occurred in $Doge/$BTC.

Every breakout like this leads to a HUGE pump in $Doge.

This time is no different

Get ready for the mother of all rallies in the coming weeks.

Dogecoin Breakout Momentum Builds

The crypto heat on Dogecoin is real as it continues to outpace the broader market. Over the past seven days, DOGE has climbed 8.40%, outperforming the crypto market, which saw a 7.70% gain.

Dogecoin is also outperforming other cryptocurrencies, especially those tracked in the Coinbase 50 Index. The current momentum follows as Dogecoin is completing a bullish rounded bottom pattern. This pattern, often used in technical analysis, suggests the end of a long-term downtrend and the beginning of a sustainable rally.

This pattern, combined with the falling wedge breakout, leads traders to believe that DOGE’s price could increase in the coming weeks.

“The breakout is gaining strength, and buyers look ready to drive the price toward fresh new highs soon,” one analyst commented on X, formerly Twitter. Sentiment among the Dogecoin community is rising rapidly, with many calling for another historic run similar to the explosive moves seen in 2021.

Key Level to Watch

As optimism in the markets continues to build, traders are keeping a close eye on a key resistance level that could determine Dogecoin’s next move. If DOGE can successfully break and hold above this level, currently viewed by technical analysts as around $0.17 to $0.18, it could open the door to a full-on rally. It might move toward its all-time high (ATH) of around $0.73, set in May 2021.

While reclaiming that ATH won’t happen overnight, technical indicators like volume spikes are showing better signs, and strengthening RSI (Relative Strength Index) levels suggest that conditions are increasingly favorable. Momentum traders are already positioning for a larger breakout.

Hence, if Bitcoin continues to hold its ground or push higher, the positive sentiment could spill over even more heavily into Dogecoin.

While some investors still dismiss Dogecoin as “just a meme,” this crypto has repeatedly shown the ability to outperform the crypto markets during key breakout periods. It also boasts a passionate online community, celebrity endorsements, most notably from business magnate Elon Musk, and a growing ecosystem.

With technicals aligning and momentum accelerating, Dogecoin could be setting the stage for another iconic rally. All eyes are now on whether it can conquer its next major resistance.