- Dogecoin mirrors historical fractal, suggesting a possible price reversal following a 73% correction.
- Triple-bottom formation signals seller exhaustion and potential for renewed bullish momentum.
- Price recovery could push DOGE toward previous highs in the $0.50 to $0.70 range.
Dogecoin has completed a 73% price correction and is now forming a familiar triple-bottom pattern, signaling a potential bullish reversal. A historical fractal on the 3-day chart mirrors the current structure, increasing expectations for a significant breakout in the near term.
Dogecoin Eyes Potential Surge After Forming Familiar Bottoming Pattern
Dogecoin (DOGE) appears poised for a major breakout after completing a price correction and entering a triple-bottom phase. A recent analysis suggests the meme coin may be repeating a historic pattern that previously led to a sharp upward move.
A tweet shared by Trader Tardigrade reveals a recurring fractal structure in the DOGE/USD 3-day chart. In this chart, DOGE previously saw a 65% decline followed by three consecutive bottoms. This structure was followed by a substantial rally, pushing prices higher.
In the latest setup, DOGE has dropped 73%, forming two bottoms and approaching a third. Analysts consider this a signal of trend reversal, reflecting market consolidation and potential bullish accumulation.
Fractal Pattern Repeats as Dogecoin Shows Signs of Reversal
The ongoing chart pattern reveals striking similarity with Dogecoin’s previous cycle, where it rebounded after a prolonged drawdown. The recent 73.16% drop has cleared excesses from the prior uptrend, potentially resetting the market structure for a rally.
The two visible bottoms, indicated by orange circles, highlight key support zones where buyers returned. A third bottom appears to be forming, marked by a blue dot on the chart. This setup mimics the earlier pattern that preceded a parabolic rally.
The orange downward curves on the chart represent lower highs during short-lived relief rallies. These suggest that sellers may be losing control while buyers accumulate. Once the third bottom is confirmed, a reversal could follow quickly, triggering renewed market optimism.
Price Activity and Market Behavior Support Bullish Bias for DOGE
DOGE is trading at $0.2085, with a 3.26% gain in the last 24 hours despite an 8.95% loss over the past week. The asset’s daily trading volume has exceeded $1.7 billion, underscoring continued interest from traders and investors alike.
This pattern of triple-bottom formation, following a sharp decline, historically precedes major bullish moves. With momentum rebuilding, DOGE could rally toward $0.50–$0.70 levels if the fractal completes.
The analysis also reflects broader market psychology. Cyclical sell-offs followed by base formations often precede major upswings in crypto assets. If history rhymes again, Dogecoin could be on the verge of its next upward phase.
