Dogecoin News: PMO Signals Start Of New Bull Run

Dogecoin Price Forecast: PMO Indicates Bullish Momentum Building

The Dogecoin price chart exhibits striking similarities to previous bull runs, showcasing technical indicators like the PMO signaling growth. This, coupled with substantial whale transfers, suggests a potential breakout, although market corrections could provide healthy pauses in the broader uptrend.

Analyst Predicts Major Dogecoin Rally

The chart illustrates Dogecoin's weekly Price Momentum Oscillator (PMO) indicating a possible bull run. Previous instances where the PMO crossed bullish thresholds have historically triggered significant rallies in 2017 and 2021.

The current PMO trend shows an upward curve, resembling earlier patterns that initiated substantial growth. This suggests that Dogecoin may be in the early stages of another major rally.

**Analyst Trader Tardigrade notes that each previous bull run experienced extended consolidation phases before breakout momentum was confirmed. The consistency between PMO signals and the onset of Dogecoin bull markets highlights the reliability of the PMO as a trend indicator for the asset. The upward trajectory of the PMO implies an increase in market strength and renewed buying pressure.

Historical patterns indicate that DOGE may be poised for another significant rally, with ample upside potential. However, this trend requires sustained momentum and confirmation from bullish price action.

Massive DOGE Whale Transfers Fuel Market Speculation

Within a six-hour period, Whale Alert reported substantial transfers of 1.1 billion DOGE (over $445 million) between unknown wallets.

While these transactions reflect noteworthy whale activity, the absence of exchange involvement suggests internal wallet restructuring, over-the-counter (OTC) dealings, or strategic development plans.

Large transfers often foreshadow significant price volatility, signaling asset accumulation or liquidation. Market participants will closely monitor any further large transfers or changes in wallet activity. Increased accumulation could bolster bullish sentiment for DOGE, while asset inflows into exchanges might indicate selling pressure leading to short-term price fluctuations.

Corrections Signal Healthy Pauses in Dogecoin's Bullish Trajectory

Dogecoin's historical rally, charted within a parabolic channel, closely mirrors patterns from 2017 and 2020.

During previous bull runs, TD sell signals marked the upper channel boundary, leading to brief price stalls before resuming bullish momentum. The recent TD signal suggests the possibility of a correction before the rally continues.

Analyst Ali_charts comments:

"Parabolic moves like this indicate a time for consolidation, not reversal."

Short-term sell signals indicate that the price remains within the parabolic channel, supporting the broader uptrend. This aligns with the view that corrections represent healthy pauses in Dogecoin's overall bull run.

To sustain the rally, Dogecoin must maintain關鍵 support levels near the channel's midline. If the price successfully surpasses the upper boundary, bullish momentum will accelerate, potentially driving the price to record highs.

Conversely, if the corrections persist, the token should closely adhere to the lower channel boundary, which provides crucial support for the long-term uptrend.