{"id":64196,"date":"2025-05-05T09:30:55","date_gmt":"2025-05-05T09:30:55","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=64196"},"modified":"2025-05-05T09:30:55","modified_gmt":"2025-05-05T09:30:55","slug":"dogecoin-bounce-expected-by-analyst-who-called-bitcoin-bottom","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=64196","title":{"rendered":"Dogecoin Bounce Expected By Analyst Who Called Bitcoin Bottom"},"content":{"rendered":"

The Dogecoin two-day candlestick chart has returned to the same accumulation shelf that preceded its five-fold burst last autumn, and independent market technician Astronomer (@astronomer_zero) argues the pattern \u201clooks bottomed\u2014early call, and I\u2019m long.\u201d The strategist, who flagged Bitcoin\u2019s April higher-low before it erupted through $69 000, told<\/a> followers on X that DOGE now offers a \u201c6R+ trade\u201d back into December\u2019s supply wall.<\/p>\n

The Dogecoin Bottom Is In<\/h2>\n

The updated chart shows price printing successive wicks into a lavender demand band that begins at $0.12and tops out just below $0.15000. So far every test of that floor has been absorbed, leaving a series of higher two-day closes. \u201cAlright, DOGE only moved slightly off the low,\u201d Astronomer wrote, \u201cso there still is a 6R+ trade to be scored if it were to go to the highs.\u201d<\/p>\n

The black horizontal at $0.18210 marks the first decisive reclaim. Sunday\u2019s session opened at $0.18141, punched to $0.18210, and settled at $0.17548\u2014fractionally under the trigger but well clear of the grey value area that defines the analyst\u2019s risk box. For traders running tight stops, the invalidation sits just under $0.12982, limiting downside<\/a> to roughly twelve-and-a-half cents while keeping the full upside open to a $0.40000\u20130.48527 liquidity void shaded in emerald green. \u201cIf you want a defined risk for a defined reward,\u201d Astronomer added, \u201ca long as presented also makes sense.\u201d<\/p>\n

Technically the structure mimics October 2024, when DOGE carved a rounded base at $0.10, ignited on rising volume, and topped out at $0.48527 eight weeks later. \u201cLast time we left the range mindset was October \u201824 and we bought DOGE at 10 c,\u201d the analyst reminded readers. \u201cIt pulled a 5x before retracing for what IMO now has become a higher low.\u201d<\/p>\n

The projection sketched on the chart anticipates a one to two months sideways chop inside the grey band that caps at roughly $0.175, followed by a staircase advance into the low-$0.30s and an autumn test of the December pivot.<\/p>\n

None of the hand-drawn arrows pierce the old high, underscoring that the thesis is not predicated on price discovery<\/a>\u2014only on a mean-reversion to the last heavy supply node. \u201cGiven this is an altcoin and expectations are likely beyond $0.5, having heavy spot bags already pays for little risk,\u201d he wrote. \u201cThey still may take time and take off slower than BTC, but the RR IMO will be higher.\u201d<\/p>\n

As ever, confirmation will come\u2014or fail\u2014on the tape. A two-day close above $0.20000 would establish a higher-time-frame reversal and expose $0.30 liquidity, whereas a settlement beneath $0.12982 would invalidate the setup and reopen the 10-cent handle. Until then, Astronomer\u2019s call rests on the premise that Bitcoin bottoms<\/a> first, Ethereum follows, and \u201cone by one, alts bottom out through cyclical timing, sentiment, and their respective POIs.\u201d Dogecoin, he contends, just ticked every box.<\/p>\n

At press time, DOGE traded at $0.173.<\/p>","protected":false},"excerpt":{"rendered":"

The Dogecoin two-day candlestick chart has returned to the same accumulation shelf that preceded its five-fold burst last autumn, and independent market technician Astronomer (@astronomer_zero) argues the pattern \u201clooks bottomed\u2014early call, and I\u2019m long.\u201d The strategist, who flagged Bitcoin\u2019s April higher-low before it erupted through $69 000, told followers on X that DOGE now offers […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-64196","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/64196"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=64196"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/64196\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=64196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=64196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=64196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}