Dogecoin Structure for a Breakout? Analyst Areas Secret Signals Looking Like 2021 Setup
Crypto expert Joao Wedson has actually released brand-new data-backed insights suggesting that Dogecoin (DOGE) might be approaching a significant breakout moment… The post Dogecoin Structure for a Breakout? Analyst Spots Secret Signals Looking like 2021 Setup appeared first on Coindoo.
Crypto expert Joao Wedson has launched brand-new data-backed insights suggesting that Dogecoin (DOGE) might be approaching a significant breakout minute– echoing conditions seen simply before its explosive 2021 rally. In a tweet detailing 4 crucial observations, Wedson calls DOGE the ‘king of memecoins’ and tips that a surprise rally might be brewing underneath the surface.
Liquidity Build-Up and Historic Pattern
The first signal revolves around aggregated liquidation levels. Historically, when brief positions stack up in this way, DOGE has actually gotten in build-up phases followed by strong upward moves.
DOGE/BTC Pair Approaching Support
Wedson also highlights the DOGE/BTC trading set, which is nearing a long-lasting assistance level that previously preceded the 2021 breakout. READ MORE: Bitcoin Targeting $120,000 While Altcoins Signal Historic Breakout Potential ‘DOGE and other memecoins might still surprise in 2025,’ Wedson concludes.
Bottom Line
With massive liquidity built up, historical support levels holding, and market conditions strangely comparable to the pre-2021 rally environment, DOGE might be silently priming for a significant upside move.
