Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin Price Is Aligning
With Power Of 3
Pattern,
Here’s What
To Expect Next
Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin Price Is Aligning With Power Of 3 Pattern, Here’s What To Expect Next
by Scott Matherson
3 minutes ago
in Altcoin News , Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin
0
Crypto analyst Trader Tardigrade has highlighted an interesting development in
the Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin price movement as it starts to trade within a range. According to
technical analysis by the crypto analyst, Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin is currently in a
manipulation phase. Interestingly, he noted that the king of meme coins has
been following the Power of Three (PO3) pattern for the past multiple weeks,
which points to a looming bullish wave.
Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin Aligning With Power Of 3 Pattern
The Power Of 3 pattern is an interesting price pattern in technical analysis
that always ends up in a strong, bullish move. This pattern outlines three
critical phases; Accumulation, Manipulation, and Distribution, that
collectively define the market cycles.
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What To Expect Next
In the case of Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin, the leading meme cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта has remained on a
downtrend path since the second week of December, with notable corrections
leading to a break below the $0.30 threshold. As pointed out by Trader
Tardigrade, this decline is part of the Power Of 3 pattern, meaning it is very
important for a price surge from here.
According to Trader Tardigrade, using the daily candlestick timeframe chart,
Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin’s accumulation phase lasted from early November to mid-December after
a crazy surge that lasted from October to November. During this accumulation
period, Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin’s price consolidated within a narrow range, signaling subdued
activity but significant buying interest even as some holders took profits.
#Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin appears to be aligning with the Power of Three (PO3) pattern ð¥
$Doge recently moved from a long consolidation in the Accumulation Phase,
lasting from early November to mid-December, into the Manipulation Phase.
Following this, the Distribution Phase is expected to…
pic.twitter.com/qvEYCQbUly
— Trader Tardigrade (@TATrader_Alan) December 24, 2024
However, recent price action in the past two weeks has seen the Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin price
enter the manipulation phase. This phase has been characterized by a sharp
downward move from increased volatility, especially on December 20, which saw
the Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin price fall briefly to $0.267. Nonetheless, this phase could be a
prelude to the final and most explosive stage of the pattern (the distribution
phase).
Distribution Phase To Send Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin Price To New All-Time Highs
The Power of 3 pattern culminates in the distribution phase, which is
characterized by a strong bullish momentum. In the case of Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin, Trader
Tardigrade predicted that this phase would push its price to new all-time
highs above its current one of $0.7316. Particularly, the analyst drew out a
price movement that would see Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin reaching as high as $0.95 in the
distribution phase.
Related Reading: Looming Parabolic Rally Could Send Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin Price Over $1 And
As High As $20
At the time of writing, Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin is trading at $0.332, having rebounded by
about 3.5% in the past 24 hours. Reaching the $0.95 target would translate to
an increase of about 186% from the current price. Regarding the timeline, the
analyst pinpointed the first two weeks of 2025 as the likely period for this
bullish move to materialize.
This prediction aligns with the broader market expectations for Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin, with
many investors and analysts anticipating a break above $1 . While the $0.95
target stops just shy of this milestone, it serves as a compelling indication
of the lingering bullish sentiment regarding Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin. DOGE bulls push up
toward a $0.4 | Source: DOGEUSDT on Tradingview.com
Featured image created with Dall.E, chart from Tradingview.com