Saad Ullah
⬤ Dogecoin's absolutely crushing it right now after dropping below a key trendline on the 3-day chart. DOGE slipped under its long-standing ascending support before flipping hard to the upside—a move that's played out twice before and led to massive rallies each time.
⬤ The chart shows the same story from earlier cycles: DOGE breaks down, consolidates briefly, then rockets vertical. Right now it's bouncing off that blue support zone and climbing fast after weeks of sideways grinding. The pattern's crystal clear—breakdown turns into buying opportunity.
⬤ Here's the thing: DOGE's been testing that red trendline since early 2024, and after finally losing it, buyers jumped in aggressively. The latest candles show serious buying pressure, suggesting traders are treating this exactly like those previous breakdowns that turned into launch pads. When DOGE violates this specific trendline, it tends to pump hard.
⬤ This matters because it's a proven pattern in DOGE's multi-year structure. When these breakdowns reverse quickly, sentiment flips fast, liquidity flows in, and speculation heats up. If history repeats, we're looking at elevated volatility and stronger momentum across the altcoin market.
Saad Ullah
