Exploring the Bullish Potential of Dogecoin: A Technical Analysis
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Dogecoin’s Bullish Reversal: A 50% Price Increase on the Horizon?
A fresh technical analysis utilizing the Order Block (OB) and Candle Liquidity Sweep (CLS) model indicates that Dogecoin (DOGE) is gearing up for a significant bullish reversal. This structure could potentially result in a dramatic 50% price escalation. Despite the recent crypto market downturn, the analyst behind this prediction remains optimistic about Dogecoin’s future trajectory.
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Understanding the Dogecoin CLS & OB Chart: Predicting a 50% Price Rally
David Perk, a seasoned crypto analyst on TradingView, has unveiled a comprehensive chart analysis underscoring a smart money trading strategy for Dogecoin. This strategy is anchored in the CLS and OB methodology. According to Perk’s insights, DOGE is poised to experience a robust 50% price surge, potentially climbing to $0.234 from its existing market price of $0.15.
Perk’s analysis reveals that Dogecoin’s recent price movements on the daily chart exhibit a classic Model 1 execution of a smart money strategy. The meme cryptocurrency has recently swept through the 3-month CLS level, which typically occurs when institutional investors absorb selling pressure in anticipation of a price increase.
Additionally, Dogecoin has entered a distinct Order Block, represented by the last bullish candle before a significant downturn. Perk’s Model 2 strategy suggests that this zone is a re-accumulation area, where major investors re-enter the market after manipulating it to eliminate weak hands. The analyst identifies the 61.8% Fibonacci retracement level as a potential pullback target, presenting an ideal entry point for strategic investors aiming to capture more liquidity.
Following this liquidity sweep, Perk noticed a Change in Orderflow Direction (CIOD), hinting at a potential bullish shift in Dogecoin’s momentum. This pattern, consistent with the Model 1 strategy, suggests that DOGE could reclaim the 50% range of the CLS candle, serving as a short-to-mid-term profit zone for traders.
If Dogecoin’s current CLS and OB structure remains intact, the cryptocurrency could surge over 50% to hit a resistance range between $0.23 and $0.25. This move would align with historical trends observed in Model 1 setups within high-time frame zones. Should Dogecoin experience a boost in volume and momentum, its rally could extend beyond the CLS midpoint, reaching higher resistance levels above $0.43.
Dogecoin’s Strength Amidst Market Decline
In a recent post on X (formerly Twitter), Trader Tardigrade analyzed Dogecoin’s price action, noting its downward trend since January 2025. Throughout this period, Dogecoin breached several key support levels without reclaiming them, reinforcing bearish sentiment.
However, Trader Tardigrade has identified a significant shift in Dogecoin’s price behavior. For the first time since the start of its 2025 downtrend, Dogecoin has successfully breached and reclaimed a support level.
The analyst suggests that Dogecoin’s underlying fundamentals are strengthening, and its price may have bottomed out, potentially paving the way for a bullish reversal.
As Dogecoin trades at $0.15 on the 1D chart, these insights provide a promising outlook for investors seeking to capitalize on the meme coin’s potential resurgence.
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