The post Dogecoin ADX Pattern Resembles 2020 Setup, Eyes Now on $4.5 or More appeared on BitcoinEthereumNews.com.

Analyst identifies Dogecoin weekly ADX mirroring 2020 setup ahead of its last major rally. Notably, Dogecoin (DOGE) has declined by 2.22% in the past 24 hours, trading at $0.1737, and remains down by 9.08% over the last seven days. However, according to a recent analysis, the Average Directional Index (ADX) on Dogecoin’s weekly chart may be pointing to a developing trend shift. The ADX, used to measure trend strength, is now replicating a historical setup from late 2020 that preceded a major rally.  ADX Weekly Setup Mirrors 2020 Pre-Rally Conditions Tardigrade, a crypto analyst, has presented a breakdown of Dogecoin’s ADX behavior over time. His analysis shows that the current ADX pattern on the weekly timeframe closely resembles the structure seen between 2019 and 2020.  Dogecoin ADX | Trader Tardigrade Back then, DOGE’s ADX started with a lower launch, indicated with a green arrow, then formed two mid-level peaks followed by a lower low, before surging to a top. This move aligned with Dogecoin’s breakout from $0.0025 in November 2020 to nearly $0.70 by May 2021. Fast-forward to the 2024–2025 period, the ADX has again launched from a low, then formed two mid-level peaks—first when DOGE reached $0.22 in May 2024, and then $0.46 in December 2024. After those peaks, the ADX dipped to a lower low, which Tardigrade illustrated with a purple arrow on his chart.  Currently, the ADX is rising again. A projected blue circle placed above the indicator suggests an anticipated breakout, which historically marked the top of a bullish trend. This potential breakout, if mirrored from the past, coincides with a speculative DOGE price around $4.50—about 2,491% above the current price. MVRV Score Signals DOGE Still in Bear Market Territory Meanwhile, another analyst, Kevin, has highlighted Dogecoin’s MVRV score as still being within bear market territory.…

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Filed under: News - @ June 17, 2025 3:26 pm