There are trends, and then there are Trends. There are bullish patterns, and then there are bullish patterns that look suspiciously like the bottom of Granny Weatherwax’s teacup. Apparently, Dogecoin, the coin that started as a joke but now has more market cap than the GDP of Ankh-Morpork (on a slow day), has completed one of those: the famous “rounded bottom.” Analysts say this is a signal for a potential reversal, or in plain language, DOGE might just be considering getting up from its nap and stretching in the upward direction. Possibly toward the fridge.
Dogecoin: Confirmed to Be Bullishly Bottomed (But Please Don’t Tell the Bears) 🐻💤
Bitguru, crypto sage and professional squinter at candlestick charts, took to X (Twitter, for those who prefer their social networks not named after the alphabet), and shared a 4-hour Dogecoin chart containing a textbook “rounded bottom.” In technical analysis, a rounded bottom can indicate a shift from “Everyone’s Running for the Exits” to “Everyone’s Queuing to Get In.” Think of it as the Discworld equivalent of Nanny Ogg finishing her beer and starting on someone else’s.
What happened? DOGE went from a dire $0.205 to a pitiful $0.130, dragging its paws all the way—but then, behold! Instead of curling up and giving up, it began to arc gracefully up, creating the classic U-shape. Either the bulls were gathering strength… or the bears had wandered off to go fishing. Either way, DOGE started to act more like it was at the beginning of an epic quest, rather than the end of a short walk.
Labeled “Bullish Beauty” (because plainly, “Sort-of-Encouraging-U-Curve” would kill the excitement), the chart highlights a dramatic pair of lows: one near $0.13009 (the “Miserable Moat”) and another around $0.15217 (the “Marginally Less Miserable Moat”). Both together produce the U-shaped bottom—one of technical analysis’ favorite party tricks, since it’s easier to spot than a wizard at a garden party.
Bitguru, never one to let a resistance zone go unlabeled, marked $0.16661 and $0.18028 as the “Don’t Even Think About It” lines for DOGE’s recent decline. Of course, DOGE proceeded to think very hard about them and bolted right through, leaving bullish candles in its wake like so many discarded lottery tickets.
Currently lounging at $0.18, Dogecoin looks suspiciously poised, consolidating on top of its breakout zone like a particularly smug cat (if cats traded meme coins, that is). Everyone’s waiting for DOGE to leap again—assuming it doesn’t change its mind and wander off for snacks.
Apparently, the technical signs all point toward an imminent Dogecoin rally of heroic proportions—the sort that would have Lord Vetinari quietly selling his alts and moving into precious metals. Break that $0.19–$0.2 resistance and, according to Bitguru, “the chart will unlock new levels of bullishness, like an RPG with too many expansion packs.” Probably.
DOGE Eyes the Mother of All Range Breakouts (Or Maybe Just a Little One) 🎢
The next part of this thrilling, possibly-drama-filled epic: DOGE is now tiptoeing on the edge of a critical range, crypto oracle Trader Tardigrade warns on X. (Presumably, he also writes prophecies on small scraps of parchment.) On the 4-hour chart, DOGE has been doing what experts call “range-bound shenanigans”—two periods of sideways action interspersed with “false breaks.”
First, we saw the “false breakdown,” where DOGE dipped below support with all the grace of a wizard tripping on his cloak, only to recover with that “just kidding!” energy. Next? A false breakout—sprinting above resistance, getting winded, and collapsing right back in. (Somebody give DOGE a towel.)
Eventually, Dogecoin managed to lurch above the initial range, creating a new zone for further loafing about. Recently, history appears to be repeating, because DOGE pulled the exact same stunt—quick drop under support, hurried jump over resistance, then right back into the comfortable, well-worn range. Trader Tardigrade suspects DOGE is primed for a real, honest-to-Om breakout. Will it rally to $0.19 and beyond? Or just keep pottering around, cheerfully confounding technical analysts everywhere?
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2025-05-01 08:48