Specifically, this chart formation is the Double Doji Candlestick pattern, a key indicator of a trend continuation or a possible reversal. It often unfolds when two Doji candles follow each other or when the opening and closing of a candlestick are equal.
Trader Tardigrade’s forecast is further backed by past scenarios where Dogecoin underwent a notable rise following a double doji candlestick, particularly in 2023. When this pattern occurred in 2023, it triggered a price surge from the $0.28 level to the $0.34 threshold.
