Dogecoin Price Eyes Long-Term Rally to $12 as Whales Accumulate 210M DOGE

Dogecoin (DOGE) is showing signs of recovery as a recurring long-term floor pattern reemerges, according to crypto analyst Trader Tardigrade. This pattern has appeared in 2015, 2019, and 2022, with each period followed by significant price expansion.

The current consolidation phase may mirror previous long-term accumulation phases, potentially leading to a durable base and sustained recovery. Traders are watching whether DOGE can establish a solid foundation and generate interest in the spot market once again.

The price of DOGE has been volatile since its September rally, but technical indicators on the four-hour chart are turning more constructive. The Relative Strength Index (RSI) stands at 43.53, and the MACD indicator gives a buy signal due to the newly formed bullish cross.