Dogecoin Enters Distribution Phase After Crash Below $0.15, Next Steps Revealed
Main Idea
Dogecoin (DOGE) has entered a distribution phase after breaking below $0.15, with analysts predicting potential bullish momentum and a price surge based on technical patterns.
Key Points
1. Dogecoin broke below the critical $0.15 support level, signaling a shift to a distribution phase.
2. The Power of Three (PO3) analysis indicates accumulation, manipulation, and distribution phases, suggesting potential upward movement.
3. A bullish MACD crossover has been established, potentially reversing previous bearish trends.
4. Analysts predict Dogecoin could surge to $0.28 or higher if key support levels hold and momentum remains strong.
5. The article references technical patterns like the descending triangle as a basis for potential price increases.
Description
According to the latest Power of Three (PO3) H1 analysis by crypto market analyst Trader Tardigrade, Dogecoin (DOGE) has officially entered a distribution phase following a sharp breakdown below the critical $0.15 support. This move signals a shift in market dynamics, with Dogecoin’s next moves set to push its price toward new highs. PO3 Pattern Confirms Dogecoin’s Next Moves Dogecoin’s chances of resuming its previous bullish run are rising fast, as a new chart analysis by Trader Tardigrade rev...
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