The 1-2 model returns as the DOGE price breaks down the main channel.

Dogecoin (DOGE) once again shows signs of history repeating itself, with its famous 1-2 (*) pattern reappearing on the charts. After breaking the important price channel from $0.22 to $0.24, momentum is building as bullish signals align, suggesting that this meme coin may be preparing for another strong move.

Breakdown from $0.22–$0.24 marks the end of the accumulation phase

Alpha Crypto Signal, in a recent update, pointed out an important development for DOGE, emphasizing that it has successfully broken out of a long-standing horizontal channel. This channel has kept its price in the range of $0.22 to $0.24 for a long time, becoming a key accumulation area for DOGE. The decisive breakout above this price range not only confirms a significant change in momentum but also marks the end of a prolonged stagnation phase.

The validity of this breakdown is reinforced by an important technical indicator: increased trading volume. As DOGE rises higher, the growing trading volume has become a strong signal of confidence from buyers. This solid support indicates that this movement is not a fleeting phenomenon but truly reflects a strong wave of interest, with a significant amount of capital flowing into the asset.

After a strong bullish growth, DOGE is currently undergoing a healthy and reasonable correction from the resistance area between $0.29 and $0.30. However, this slight pullback is a positive and natural part of a strong upward trend, allowing the market to accumulate and preventing the bullish momentum from becoming too overheated.

According to experts, this adjustment opens up a strategic opportunity for traders. Alpha Crypto Signal suggests that any retest of the breakdown level, specifically the area from $0.24 to $0.25, could present an attractive long-term buying opportunity. As long as DOGE can maintain above this important area and uphold the overall bullish structure, the positive momentum from the anticipated breakdown will likely continue.

Dogecoin Pattern Repeats: History Indicates Another Bullish Wave

In a recent post on X, cryptocurrency analyst CryptoELlTES made an interesting observation about the price history of DOGE. He claims that a specific technical pattern is repeating on the chart, a pattern that has consistently appeared before each major bullish rally of DOGE in the past. This historical correlation suggests that the current structure is very significant.

According to the analysis, DOGE is in the final stage of this "1-2 pattern". The chart resembles what has previously propelled this asset into several parabolic bullish runs. With the market exhibiting the same bullish behavior that in the past has led to explosive growth for this coin, a large move may be on the horizon.

*’The 1-2 model’ is a term used in technical analysis to refer to a specific price pattern in the financial markets, often applied to predict bullish or bearish trends. In this context, the 1-2 formation often signals a reversal or a subsequent bullish trend.

Mr. Giáo