A new technical chart shared by crypto analyst Cas Abbé (@cas_abbe) on X is showing a recurring bullish pattern in Dogecoin’s price action. The 3-day chart highlights three distinct descending channels in Dogecoin’s history—one during Q4 2023, another in Q3 2024, and the current one in early 2025—that each preceded major price surges of over 150%. Dogecoin’s 150% Breakout Pattern Is Back Abbé writes via X: “DOGE is currently in a bullish descending channel, similar to Q4 2023 and Q3 2024. In both cases, the breakout resulted in a 150%+ pump.” The chart illustrates how Dogecoin formed a downward-sloping channel in Q4 2023 before breaking out around late December of that year and rallying by more than 150% in subsequent weeks. A similar formation emerged in Q3 2024, with Dogecoin again trading within tight descending trendlines before pushing through the channel’s upper boundary. That breakout yielded another sizeable price move, once again exceeding 150%. Now, Abbé points out that Dogecoin appears to be mirroring those past setups, trading within what he identifies as a “bullish descending channel.” Price action on the 3-day timeframe sho ..
Support the originator by clicking the read the rest link below.
