A technical analyst on Crypto X highlighted a Dogecoin price chart setup that may indicate a major move. On April 30, Trader Tardigrade shared that Dogecoin recently bounced from a swing high support level. The analyst said,
“[Dogecoin] consistently finds support at previous swing highs.”
This swing high support level also appeared in Q3 2023, when Dogecoin reversed after touching a similar level. After the rebound, DOGE moved to the upper resistance zone of its long-term trend channel. The chart posted by Trader Tardigrade now shows a repeat of that same pattern.
DOGE chart data places the support zone around the Q4 2023 highs. The latest bounce happened at that level in April. This structure lines up with previous patterns and may suggest the end of the recent pullback. The analyst added,
“[DOGE] may have completed its pullback and could surge again soon.”
Dogecoin Price Moves Follow Multi-Year Trend Channel
Dogecoin price has moved inside a broad ascending channel for years. Each time the price touched the lower support band, it later rallied toward the upper range. In December 2024, Dogecoin hit $0.46. That rally followed a similar rebound from swing high support earlier that year.
In the recent setup, the price reacted similarly at the same level. April’s bounce aligned with the bottom of the DOGE trend channel. Past recoveries from this level have reached much higher. Trader Tardigrade’s DOGE chart suggests a possible return to the top band.
If Dogecoin continues along this trend, the $0.80 target could be reached before August 2025. This price sits near the upper line of the long-term DOGE chart channel. However, the chart post did not confirm whether this move is certain or how fast it could occur.
The multi-year pattern shows higher highs and higher lows. The recent movement fits this technical behavior. DOGE remains within this structured trend, which traders have followed since early 2021.
DOGE Breakout Could Affect Wider Altcoin Markets
The Dogecoin technical analysis sparked discussion among other traders. Muro Crypto, a Bitcoin analyst, commented on DOGE’s position in altcoin cycles. He posted,
“Once DOGE starts pumping, it would be the official signal for a legit altseason.”
This statement refers to how Dogecoin price moves often coincide with broader market shifts. During previous altcoin rallies, DOGE was among the first coins to rise. In Spring 2021 and Winter 2024, sharp Dogecoin breakouts preceded gains in other cryptocurrencies.
DOGE August prediction trends on Crypto X due to this recurring behavior. Technical analysts now watch the Dogecoin chart to track its place in market cycles. The DOGE breakout structure shown on the April 30 post added to that interest.
For now, the price trades below the $0.80 target. However, the swing high support zone and trend channel structure remain visible on charts. These chart signals will likely guide further Dogecoin technical analysis in the coming months.
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