🔥 Poll: Can BTC Break Its ATH This Week?
ATH Recap: Bitcoin hit its ATH of $109,702.5 on Jan 20, 2025, followed by a consolidation phase.
Recent Trends: With easing geopolitical tensions, sustained institutional inflows, and improving market sentiment, BTC has shown strong upward momentum.
This Week’s Key Question: The market looks bullish, but the ATH remains a major resistance level.
🗳️ Share your take—let’s see where the market goes!
DOGE Preparing to "Take Off"? Technical Model Supports Strong Price Rise
Dogecoin may be preparing for its next big move as technical signals begin to turn in favor of the bulls. After a period of consolidation and downward pressure, DOGE has broken out of a falling wedge pattern, one of the most reliable bullish reversal patterns in technical analysis. This breakout suggests that the meme coin may be on the verge of a potential bullish run, especially as momentum starts to build in an important price zone. How Does the Falling Wedge and Round Bottom Model Benefit the Bulls? In a recent post on X, a cryptocurrency analyst with the username "TitaniumXBTC" highlighted an encouraging technical setup on the chart of Dogecoin. The expert emphasized that DOGE has successfully broken out of the falling wedge pattern while completing the rounded bottom pattern. These two chart patterns, when combined, often signal the end of a bearish trend and the beginning of a potential bullish trend, laying a solid foundation for future price increases. Analysts point out that this breakout has been validated, with Dogecoin gaining momentum as it surpasses the main resistance zone. Bullish pressure seems to be accelerating in the highlighted zone, indicating that buyers are entering with increasing confidence. This move, if sustained, will strengthen the case for a medium to long-term bullish trend, with the breakout zone acting as a launchpad for further gains.
Despite the optimism, experts warn that confirmation is needed. If the breakout holds and continues to attract interest, Dogecoin may be ready to reclaim higher levels and potentially trigger a broader trend reversal. With bullish momentum forming, all eyes are currently on DOGE to see if it can capitalize on this upward momentum and execute the promising setup. The Bullish Path of Dogecoin Ahead: Target Zone After the Breakout According to cryptocurrency experts, the key price levels to watch for DOGE in the near to medium term are $0.3757, $0.4884, and $0.6160. These targets have been identified based on the breakout from the falling wedge pattern and the alignment with historical resistance zones that may come into play during the bullish phase. Each of these levels represents a potential milestone where momentum could pause, consolidate, or even reverse, depending on the overall market sentiment and trading volume.
The confirmation of the breakout indicates that Dogecoin has returned to a bullish phase, and if buying pressure continues, these price levels could serve as realistic bullish targets for both traders and long-term holders. Reaching these zones could attract more attention from investors looking for profit-taking opportunities or even drive additional bullish rallies if broken with high volume.