So, gather ’round, crypto enthusiasts and meme lovers! A new chart from our favorite crypto wizard, Cas Abbé (@cas_abbe), has dropped on X, and it’s showing Dogecoin doing its best impression of a soap opera star—repeating history like it’s auditioning for a role in “As the Crypto Turns.” 🎭
According to Abbé, Dogecoin is currently in a “bullish descending channel.” Sounds fancy, right? It’s like saying your dog is “fluffy” instead of “a walking furball.” This chart reveals that Dogecoin has had three dramatic descents in its life—one in Q4 2023, another in Q3 2024, and now, here we are in early 2025, all leading to price surges of over 150%. Talk about a comeback! 💪
Abbé’s got the receipts: “DOGE is currently in a bullish descending channel, similar to Q4 2023 and Q3 2024. In both cases, the breakout resulted in a 150%+ pump.” It’s like Dogecoin is the Rocky Balboa of cryptocurrencies, just waiting for its moment to rise up and shout, “Adrian!” (Or maybe “To the moon!”) 🚀
Now, if you’re wondering what this means for your wallet, let’s break it down. Dogecoin is bouncing around between $0.36 and $0.24, like a kid on a trampoline. If it breaks out of this channel, we could be looking at some serious gains. But if it falls through the floor, well, let’s just say it might be time to hide your wallet under the bed. 🛏️💸
And while we’re all feeling a bit “meh” about meme coins right now, Abbé reminds us that Dogecoin has been around longer than most of your exes—ten years, to be exact! He’s got his eyes set on a $1 DOGE this cycle. I mean, if a dog can dream, why can’t we? 🐕✨
But wait, there’s more! Another analyst, Ali Martinez (@ali_charts), is throwing in his two cents, saying the TD Sequential indicator on the 4-hour chart is flashing a buy signal. It’s like the universe is saying, “Hey, maybe it’s time to buy some Dogecoin!” But of course, someone had to rain on the parade, questioning Martinez’s credibility. He responded with the classic, “Tell me an asset that goes in one direction in a straight line.” Touché, my friend. Touché. 🎤
As of now, DOGE is trading at $0.25456. So, grab your popcorn, folks! This crypto drama is just getting started! 🍿
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2025-02-18 20:11