Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Dogecoin (DOGE) To Rebound? Key Emerging Pattern Suggests Potential Upside Move

Dogecoin (DOGE) To Rebound? Key Emerging Pattern Suggests Potential Upside Move

CoinsProbeCoinsProbe2025/06/01 02:40
By:Nilesh Hembade

Date: Sat, May 31, 2025 | 06:30 PM GMT

The cryptocurrency market witnessed a sharp pullback recently, dragging major tokens into the red. Bitcoin (BTC) briefly dropped to around $104K, while Ethereum (ETH) slipped to $2,500, down from recent highs of $111K and $2,700 respectively. This broad correction impacted many memecoins —including Dogecoin (DOGE).

DOGE saw a double-digit weekly decline of over 15%, trimming its monthly gains to just 6%. But despite the weakness, technical signs suggest that DOGE might be setting up for a strong comeback.

Dogecoin (DOGE) To Rebound? Key Emerging Pattern Suggests Potential Upside Move image 0 Source: Coinmarketcap

Power of 3 in Play?

Zooming into the 4-hour chart, DOGE appears to be following a classic “Power of 3” setup — a price pattern that unfolds in three key phases: Accumulation, Manipulation, and Expansion.

Accumulation Phase

From around May 11 to May 31, DOGE traded sideways in a tight range between $0.25 and $0.21, forming the accumulation zone. This phase is marked by indecision, where buyers and sellers battle for control — and smart money quietly builds positions.

Dogecoin (DOGE) To Rebound? Key Emerging Pattern Suggests Potential Upside Move image 1 Dogecoin (DOGE) 4H Chart/Coinsprobe (Source: Tradingview)

This entire range is highlighted by the shaded gray box in the chart. Repeated price rejections at both the top and bottom of the range reflect market compression, often the calm before a major move.

Manipulation Phase

On May 31, DOGE sharply broke down below the range, falling to as low as $0.189. This move likely triggered stop-losses and panicked selling — textbook characteristics of the manipulation phase.

This dip may have been designed to shake out weak hands before a potential bullish reversal. If DOGE can hold the current support zone around $0.19, it may mark the bottom of the manipulation phase and the beginning of a bullish reversal.

What’s Next for DOGE?

If DOGE manages to reclaim the $0.21 level, it could mark the transition into the expansion phase. A confirmed breakout above the upper range boundary at $0.25 would further strengthen the bullish case.

The projected upside target based on the pattern sits around $0.32, suggesting a potential rally of 67% from current levels.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making investment decisions.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!