The post Dogecoin Makes Meaningful Correction: Key Pullback Pattern Points To Looming Rally appeared on BitcoinEthereumNews.com.

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Popular dog-themed meme coin, Dogecoin, may have witnessed a bearish performance in the last few days, but this waning price action could benefit its price dynamics. Technical developments show that the current pullback is a signal of an impending major rally in DOGE’s price. Bullish Structure Forming On Dogecoin Chart After a period of bullish performance, Dogecoin’s price experienced a retracement, which led to a correction or consolidation phase. However, recent analysis from Trader Tardigrade, a seasoned crypto analyst and investor, reveals that the correction phase is about to come to an end, and a rally is just around the corner. In the analysis shared on the X platform, Trader Tardigrade stated that DOGE is gearing up for a major rise as a key technical pattern emerges on the daily chart, a typical sign of a possible uptrend. The meme-inspired cryptocurrency is currently consolidating within this key structure, often associated with trend continuation after cooling off from recent highs. Specifically, the meme coin has formed a Channel Pullback. Combined with stable support levels and rising market sentiment, this channel formation raises the possibility that DOGE is preparing for a significant rise in the upcoming days. Looking at the chart, this channel pullback previously appeared between late April and early May. Following a breakout from the pattern, Dogecoin saw a notable rise from $0.17 to $0.25 in less than a week. With the structure reappearing, the expert contends that a breakout, which he believes is inevitable, is likely to trigger a similar upward trend.  A recurrence of a bullish pattern | Source: Trader Tardigrade on X Should the breakout mirror the previous scenario, Trader Tardigrade has predicted a surge from current price levels to the $0.265 mark. DOGE’s…

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Filed under: News - @ May 22, 2025 4:27 am