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Just noticed something interesting on the DOGE weekly chart. The Price Momentum Oscillator has dropped to the exact levels we saw before those massive rallies back in 2015-2018 when it pumped 21,000%. Even more recently in 2022-2024, we saw an 800% rally when the oscillator hit these same zones. So there's definitely a pattern here worth watching.
Trader Tardigrade has been highlighting this setup, and he's suggesting DOGE could push toward $1 this time around, which would be a new all-time high since the current ATH sits at $0.73. A few other analysts are also pretty bullish on the technicals right now. Crypto GVR thinks we could see $0.3-$0.5 longer term, while Top Gainer is calling for a breakout toward $1 as well. Even Bitcoinsensus mentioned the $0.13 zone as a potential target after spotting a bullish MACD print on the 4-hour.
That said, we just bounced off the $0.10 support not long ago, and the chart is showing some classic signs of reversal. Current price is sitting around $0.09 with a slight 2% 24h pump. CryptoCeek warned that if we get rejected at $0.12, we could see another flush down to $0.08, but breaking above that level could push us to $0.16 in the short term. The accumulation zone is pretty tight right now, so any breakout could be explosive. Definitely one to keep on the radar.