After we saw the expected triangle breakout back in mid 2024, Dogecoin has been rallying about +500% and is now retesting the previous all time highs. Following the overall crypto bullishness, a breakout is very likely which will then be followed by a second parabolic rally.
Higher timeframe structure is just perfectly playing out once again after Dogecoin perfectly retested and now rejected the major previous horizontal level. With such a bullish move, it is quite likely that we will eventually also break above the previous all time high resistance.
Dogecoin just perfectly retested the expected horizontal structure and is now starting to create some bullish confirmation on the smaller timeframes. Dropping -50% during a bullrun is not unexpected though and just look at what happened thereafter back in 2017.
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