Popular memecoin Dogcoin $0.218985 (Doge) draws attention with its dual foot formation “Adam and Eve”, which appears in the weekly graph. Memecoin, which rises by 6.69 percent in the last week, gives a rise signal supported by technical indicators and internal data. Analysts say that if the dollar level is exceeded $ 0,56958, Dogge can climb up to $ 1.08. This target corresponds to almost twice the current price.
What do the technical indicators say for the $ 1 Dollar target in Dogecoin?
Dogecoin PriceCompletes a rare formation with a rolling bottom (Eve) and a sharp V -shaped bottom (man) formed at the beginning of 2025 from the middle of 2022 to the end of 2024. “Adam and Eve” double bottom structure often indicate the end of long -term decrease trends. A permanent output above the $ 0.56958, called a neckline, can trigger a splash of 89 percent. In this case, $ 1.08 stands out as the main target.
It is critical that the volume increase and the weekly closing on the neckline for the validity of the formation are critical. A similar scenario was experienced in October 2024 in Solana (left) and brought a hard rally with the exceeding the $ 160 level. Dogecoin’s performance seems to be possible with the increasing interest of large investors.
Whales changed the game by collecting 3.61 billion pieces
100 million to 1 billion pieces according to internal data Dog The wallets holding the wallets have purchased 3.61 billion coins since 23 January 2025. This aggressive collection mobility indicates that large investors strengthen their positions before price mobility. Historical data of the whales of such moves Doge Coinshows that he triggers sudden rise.
The last movement of the whales coincided with a period in which Dogecoin stuck around $ 0.228. This is interpreted as the preparation of the “smart currency” before a possible break. In addition, the rising bottom levels on the man’s feet show that the momentum is increasing and the procurement pressure can spread among the shareholders.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
