Dogecoin (DOGE) Price Rally Could Resume with Bullish Trigger

Dogecoin is showing some promising signs of a potential price rally, according to technical trader Tardigrade. Recent market action has Dogecoin holding steady above key support levels, despite some attempts at market manipulation which caused a sharp drop in December 2024.

This drop, similar to one seen in August, was quickly followed by a recovery, indicating that these dips may not be rooted in genuine selling pressure but rather artificial movements. Looking back at the August 2024 rally, where Dogecoin recovered swiftly from manipulation, it sets a positive precedent for the current market conditions.

Tardigrade’s analysis suggests that Dogecoin is setting itself up for another upward move, given its ability to defend support levels and its historical resilience during such events in August. While crypto markets can be unpredictable, the parallels between the recent market actions in August and December 2024 hint towards a potentially bullish momentum in the near future for Dogecoin.

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