Dogecoin's Steady Climb: What the Charts Say About Its Future

Dogecoin, a popular cryptocurrency, is showing interesting patterns that might hint at a big price jump by 2026. Let's break it down.

Weekly Chart Analysis

• Rounded Arc Formation: Similar to the pattern that led to a big price increase before.
• Deeper and Steeper Arc: Could mean Dogecoin has more room to grow.
• Potential Target: Possibly reaching 80 cents by 2026.
• Support Line: Holding strong.
• Trade Volume: Still high, which is a good sign.

Daily Chart Analysis

• Downward Trend: Since April.
• Recovery Attempts: Hitting a wall each time.
• Moving Averages: Below major moving averages, which are sloping downwards.
• Demand Zone: Between $0.145 and $0.150, holding strong for nearly two years.

Derivatives Analysis

• Trade Volume: Up.
• Open Interest: Rising.
• Long/Short Ratios: Big traders are betting on Dogecoin to go up.
• Volatility: Still moderate, no panic.

Key Levels to Watch

• Support Level: $0.145.
• Resistance Level: $0.16.
• Potential Drop: Below $0.145 could lead to $0.12.
• Breakout Potential: Above $0.16 could break the downward trend.
• Weekly Chart Importance: If the arc pattern completes, Dogecoin could reach between $0.75 and $0.80.