Saad Ullah
Dogecoin is doing it again. The meme coin just hit the upper Bollinger Band on the daily chart, and if history repeats itself, we could be looking at another explosive move.
Previous Breakouts Tell the Story
Trader Tardigrade spotted this pattern, noting how DOGE has pulled this exact move three times this year - each time followed by solid gains. The chart doesn't lie. Back in April, DOGE touched the upper band and shot higher. Same thing happened in July and August. Each time, the setup looked identical to what we're seeing now. The bulls seem to know this playbook, and they're positioning accordingly.
Key Levels to Watch:
- Immediate resistance: $0.25 - this is the make-or-break level
- Upside targets: $0.30-$0.33 if the breakout confirms
- Support zone: $0.21-$0.22 where buyers should step in
The bands are also tightening up, which usually means volatility is about to explode in one direction. Given the pattern, odds favor the upside.
Market Context Working in DOGE's Favor
Timing couldn't be better. Bitcoin's been sideways, which often means money flows into higher-risk altcoins like DOGE. The meme coin narrative is heating up again on social media, and liquidity conditions are improving across the board. All the ingredients are there for another run.
Saad Ullah
