What’s Next For Dogecoin Price After Yearly Harmonic Pattern And RSI Signal?

Dogecoin price’s yearly chart exhibited a precise harmonic pattern. The years 2015, 2019, and 2023 marked significant bottoms, signifying potential market recoveries.

Following these bottom years of 2016, 2020, and the ongoing 2024, DOGE experienced steady accumulations, setting the stage for significant uptrends.

Historically, the years immediately after these accumulations—2017, 2021, and potentially 2025—could witness explosive growth amid trader and investor anticipation.

This consistent pattern suggested that 2025 could mirror previous pump years, with expectations of a substantial bullish movement.

This price action chart indicated a rhythm in Dogecoin’s market cycles, supporting a prediction of a strong upward trend in 2025 if the pattern holds true.

This cycle analysis aligns with a strategic outlook for Dogecoin’s future market behavior.

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TD Sequential Signal

Dogecoin’s 4-hour chart also displayed a buy signal, as indicated by the TD Sequential indicator, signaling a potential price rebound.

For the last week of December of this year, the price of DOGE saw fluctuations, dipping to lows and peaking briefly before stabilizing. The chart suggested a momentary increase in price, coinciding with the buy signal.

During this period, price oscillations between significant support and resistance levels were evident, with a pivotal moment marked by the signal.

These technical signals often attract trader attention, potentially increasing buying activity.

This pattern emphasized on the cyclical nature of DOGE’s price movements and the importance of technical indicators in predicting short-term price directions.

Is The Weekly RSI Bottoming For Dogecoin Price?

DOGE weekly chart also displayed a pattern of spinning top candlesticks, signaling indecision in the market.

Notably, similar patterns appeared multiple times in the past, hinting at potential bottoming points.

During these instances, the Relative Strength Index (RSI) consistently touched a support level, reinforcing the idea that Dogecoin may have reached a base from which it could ascend.

This correlation between the spinning tops and the RSI reaching support suggested a possible preparation for an upward trajectory.

The setups was crucial for anticipating future movements, potentially indicating the start of a bullish phase for DOGE, as the RSI’s position provides an affirmation of underlying strength.

Whale Activity Surges

Moreover, Dogecoin’s whale activity in the past two days surged as the large holders purchased over 90 million DOGE, indicative of strong accumulation.

This surge in buying aligned with the visible increase in price, where a sharp uptick followed a period of relative stability.

The movements suggested that whales were positioning for a potential rally, anticipating that the accumulation could drive future price increases.

The chart showed a corresponding rise in price during these transactions, hinting at the impact of these large buys.

This pattern, if continued, could signify the beginning of a bullish phase for Dogecoin, driven by whale confidence in its upward trajectory.