I noticed an interesting pattern on DOGE. Since October 2023, the coin has been developing within the framework of a classic bullish megaphone, and this whole story resembles what is called the Livermore Cylinder — an ancient trading pattern that Jesse Livermore developed over a century ago. Interestingly, the principles of this Livermore Cylinder still work well on modern assets, including crypto.

If we apply this model to DOGE, it turns out that the accumulation phase has already ended, and the market is now starting to break higher. Clear bullish and bearish legs of the pattern are visible — everything lines up. I used to calculate target levels before, but now, when DOGE is trading around $0.12 and the historical maximum was at $0.73, the picture looks different. The coin clearly hasn't reached previous projections, but the structure of the Livermore Cylinder remains relevant for understanding the current dynamics.

In any case, the pattern indicates that we are at a critical point. If a breakout occurs, the next levels become more likely. It's just interesting to see how classic trading models still work in crypto.