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06/16 16:13看漲

Dogecoin Retests Triangle Apex That Starts a Parab

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Dogecoin Retests Triangle Apex That Starts a Parabolic Rally Every Time Dogecoin has repeated a chart structure that has appeared before some of its biggest historical moves, with analysts pointing to a possible price rally. Trader Tardigrade highlighted this recurring triangle pattern visible on the monthly Heikin Ashi chart in a June 14 X post. According to him, this setup is notable because it resembles formations that emerged ahead of the 2017 and 2020 breakouts to unprecedented prices. The analyst identified a clear pattern that Dogecoin (DOGE) has followed several times now. A triangle compression starts, then a breakout and apex retest, before a parabolic expansion follows. He further highlighted three different periods where Dogecoin spent years compressing inside a symmetrical triangle before eventually breaking out. The first formation developed between 2014 and early 2017, with the token breaking out from around $0.000208 in March 2017 to $0.0187 in January 2018. The second stretched from the 2018 high before a breakout in July 2020. The full bullish rally started in November 2020, sending DOGE from $0.0025 to its current all-time high of $0.74. In both cases, prices gradually narrowed between rising support and falling resistance before reaching the triangle’s apex. Rather than immediately launching after the breakout, Dogecoin first revisited the breakout zone, testing it as support before beginning a much larger advance.

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