Dogecoin Pump Almost Here, Analyst Highlights Third Falling Wedge Breakout Pattern on DOGE/BTC

Dogecoin pump almost here believes a bullish crypto analyst

The analyst highlights a third falling wedge breakout pattern on the DOGE/BTC chart

He mentions that previous similar patterns resulted in significant price pumps.

Bitcoin maintains its mid $90,000 price range as analysts await a bullish pump for Bitcoin prices, a surge that’ll take BTC to 6-digit prices and closer to reclaiming its previous ATH price of $109,000. Soon after Bitcoin is expected to hit much higher ATH targets leading the charge for altcoins to pump as well. In particular, analysts believe that a Dogecoin pump is almost here, and expect a new ATH for DOGE soon.

Dogecoin Pump Almost Here

Promising altcoins like Dogecoin, Cardano, and XRP are treated as legacy altcoin assets. Those altcoins that have been here since the beginning of the Web3 revolution, the assets that were around since Bitcoin’s initial price runs, pumping right alongside Ethereum (ETH). While ETH is said to lead the charge for altcoins, altcoins themselves tend to be far more bullish than ETH pumps

The same is expected for this bull cycle as well. Despite the delayed altseason, altcoins continue to show bullish signals and indicators on their price charts. In fact, some capable and highly potent altcoins have been showing bullish signals since 2023, much earlier than the Bitcoin Halving event in 2024. Traditionally, a cycle bull’s altseason often occurs in Q1 following the Bitcoin Halving year

However, this bull cycle, the pattern seems to have been broken due to a much-needed and prolonged crypto correction phase. This change is attributed to the fact that Bitcoin pumped very fast and very hard this bull cycle leading to a much needed correction phase. Now that this correction is over, both Bitcoin and altcoins are expected to pump exponentially. However, the delayed altseason also negates the 4-year bull cycle pattern leading analysts to rely heavily on price chart signals

DOGE Price Sees Third Falling Wedge Breakout

One altcoin showing strong bullish signals is the pioneer memecoin asset Dogecoin (DOGE). As we can see from the post above, this analyst notices a bullish pattern unfold on the DOGE price chart. As the image in the post depicts, DOGE price saw a third falling wedge breakout occur in the DOGE/BTC chart

The analyst then concludes that every breakout like this that has occurred before has always led to a significantly high price pump for DOGE and expects the same pump to play out very soon. Indeed, expectations are extremely high for DOGE price this bull cycle, so much so that analysts expect DOGE to hit new ATH prices that could top at $1 or even $10.