Dogecoin’s Chart Shows Signs of Accumulation: Could a Reversal Be Approaching?

Analyzing Dogecoin’s price action, recent chart patterns suggest the potential for a market reversal. Crypto trader Osemka highlights a classic Wyckoff accumulation pattern in DOGE’s chart, mirroring historical trends before significant downturns. This formation, characterized by increasing institutional buying while retail traders remain cautious, may signal a shift in momentum. 📈 The chart shows several stages of accumulation, including the selling climax, automatic rally, secondary tests, spring phase, and now a test phase where volume is rising as large investors quietly buy DOGE.