A surge towards $1 could be in the cards for Dogecoin, fueled by both bullish market patterns and a pending regulatory breakthrough. Bitwise Investment Advisers filed for an Ethereum ETF, signaling a potential mainstream entry for the cryptocurrency. Historical data shows that whenever Dogecoin retests its key moving averages (MAs), price consolidations usually precede substantial upward movements. Technical analysis by Mikybull Crypto highlights this trend, suggesting Dogecoin is primed for strong bullish momentum. 📈
Chart analysis reveals a consistent pattern: whenever Dogecoin retests its MA, a significant price jump follows. This historical observation suggests that the current consolidation near key moving averages may foreshadow another major rally toward $1 in the coming weeks.