While Dogecoin has plummeted amidst growing bearish market sentiment, Trader Tardigrade, a seasoned crypto analyst, has outlined a bullish development on the DOGE chart. The bullish development reflects DOGE’s notable resilience during the ongoing volatility.
DOGE’s chart shows that this downward trend line has been visible for over 50 days, suggesting a possible change in momentum. This technical breakout could mark the end of a protracted period of bearish pressure, which is likely to reignite bullish hopes.
Trader Tardigrade’s forecast hinges on a bullish signal from DOGE’s Average Directional Index (ADX). Specifically, the crucial ADX indicator shows a lower low on the weekly time frame.
