Dogecoin’s renewed upward trend seems to have lost steam as it revisits the $0.22 mark after the market turned slightly bearish. Currently, the meme coin is hovering within a narrow price range as investors and traders anticipate its next major move.
Although this period of sideways action can seem inconspicuous, Trader Tardigrade’s analysis flags the phase as a strategic pause prior to a big breakout. Furthermore, it implies that DOGE is gathering strength within the narrow price range even as the market momentum gradually wanes.
The expert further mentions that this uptrend segment may cause the asset to soar sharply in the short term. His forecast is based on past trends, where the RSI MA turned bullish and sparked a significant rally in November last year.
