Well, I say, old bean, it appears that Dogecoin (DOGE), that whimsical chap of the crypto world, is currently strutting about at a modest $0.147, having executed a rather spiffing 16
The old boy DOGE, the OG of meme coins, did touch a local high of over $0.15 before taking a slight breather. Now, it’s hovering near resistance, with traders craning their necks like eager spectators at a cricket match, waiting to see if it’s a follow-through or a pullback. 🏏
A Pattern as Predictable as Jeeves’s Discretion
Trader Tardigrade, that astute fellow, has spotted a pattern on the 3-month Dogecoin chart that’s as regular as Aunt Agatha’s Sunday visits. Since 2021, the blighter has repeated itself twice: five quarters of decline, followed by five quarters of recovery, and then a four-quarter rally. The latest downtrend, it seems, threw in the towel late last year. 🧐📉
The current candle, if one squints just right, hints at the start of a recovery phase, much like a chap emerging from a particularly stuffy club dinner. If history’s anything to go by, this recovery could stretch into multiple quarters, setting the stage for an uptrend sometime in 2027. Tardigrade, ever the optimist, quipped:
“$DOGE might be entering a recovery phase and gearing up for an uptrend.”
Indicators: As Subtle as a Bertie Wooster Scheme
DOGE’s RSI is loitering around 42, still below the neutral 50 mark but creeping up from earlier lows. It’s like a chap tiptoeing out of a sticky situation-bearish pressure may be waning, but it’s not quite time to crack open the champagne. 🥂
Volume-wise, we’ve got $1.83 billion in buy volume versus $2.01 billion in sell volume. Net flow remains negative, suggesting sellers are still having their say. Open interest, however, is holding steady at 2.27 billion, up from earlier periods. That’s like a room full of traders whispering, “What’s the big move, then?” 🗣️
Long-Term Targets: As Ambitious as a Gussie Fink-Nottle Plan
Crypto analyst Javon Marks, that bold fellow, has been waxing lyrical about DOGE’s past rallies, pointing to gains of 9,000
SoSoValue reports minor inflows of just over $2 million this month, while CryptoPotato notes that some large holders have offloaded around 150 million DOGE recently. Still, the coin’s as active as a Bertie Wooster escapade, with both short-term jiggles and long-term projections keeping the market on its toes. 🕺💹
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2026-01-06 07:29