The post Dogecoin Price Shifts Momentum, Analyst Spots Bullish Break appeared on BitcoinEthereumNews.com.

Market trends for Dogecoin price reveal early indicators that the price movement might be reversing. So far, it has endured sustained bearish forces that pushed the meme coin down over several months. The crypto has displayed major alterations in its price movement based on analyst Trader Allan’s assessment. From January 2025, DOGE price has maintained a persistent downtrend by breaking support levels that never returned to former positions. However, the bearish momentum appears to be weakening, according to recent market movements. Dogecoin Price Reclaim Support Level Trader Allan observed that Dogecoin has reclaimed a key support level after previously falling below it. This is an instance that had not occurred over the earlier stages of the current downtrend. Historically, DOGE’s support breakdown patterns did not see any successful attempts to retake those zones. This means sellers maintained control, with each breakdown solidifying bearish sentiment. Source: X When investors manage to restore lost support levels, it demonstrates that the balance of supply and demand between traders starts to change. The move supports changing trends that create new opportunities for demand to emerge while downward momentum weakens. Reclaims after lengthy market downturns signal the adoption of accumulation patterns by investors to replace distribution patterns. Technical Setups Point to Early Bullish Momentum The meme coin price will need to sustain its position beyond the reclaimed support. At this point, a stability in the price will give it a strong foundation, making it possible to test the resistance level which prevented past meme coin rallies. It will be crucial to monitor these technical developments. Doing so will help traders to identify opportunities to enter the market before its direction is fully established. This opportunity to reclaim, combined with an absence of lower lows, points to the possibility of a disruption in the previously uninterrupted…

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Filed under: News - @ April 11, 2025 12:25 pm