The monthly Dogecoin chart has just set off alarms, and this time it's not because of a meme, but pure financial geometry! 📉🚀 We are seeing a "Solid Base" pattern repeating, which in the past has been the fuel for the most brutal launches of this coin. If history repeats itself for the third time, get ready, because the technical target is set at 2 USD.
Look, let me explain how the play is going so you don't miss the details. Analyst @TATrader_Alan detected that Dogecoin is completing a structure it has already done twice before. Imagine a spring that gets tighter and tighter for months (what we call consolidation); well, that accumulated pressure is what generates parabolic movements. In previous cycles, when the price broke through the ceiling of that base, the jump was so big that it left everyone cold. 🥶
We are talking about a potential rally of 2000%. Yes, you read that right. But this is not guesswork; it is based on the current "compression phase." On the monthly chart, Dogecoin has been living in a tight range, accumulating strength. But if we zoom in on the daily chart, things get more interesting: a "cup and handle" pattern is forming. ☕
The Cup: It was that rounded bottom we saw when the price touched 0.08 USD and then recovered to 0.11 USD.
The Handle: It's that small pullback and consolidation that we are seeing right now under the resistance. It's as if the market is catching its breath before attempting to jump the fence.
If Dogecoin manages to break that "handle" resistance strongly, it would trigger the connection between long-term accumulation and an explosive rally. The alignment of these two signals (the macro base of years and the short-term cup) is what has experts projecting that 2 USD is not crazy but a real technical possibility based on historical precedents. 📊🔥
The structure is there, the spring is tense, and the market is watching closely. Now the question is: Are we facing an exact repetition of history, or does the crypto market have a curve prepared for us that no one saw coming? 🧐$DOGE