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Crypto analyst Trader Tardigrade has highlighted an interesting development in the Dogecoin price movement as it starts to trade within a range. According to technical analysis by the crypto analyst, Dogecoin is currently in a manipulation phase. Interestingly, he noted that the king of meme coins has been following the Power of Three (PO3) pattern for the past multiple weeks, which points to a looming bullish wave.
Dogecoin Aligning With Power Of 3 Pattern
The Power Of 3 pattern is an interesting price pattern in technical analysis that always ends up in a strong, bullish move. This pattern outlines three critical phases; Accumulation, Manipulation, and Distribution, that collectively define the market cycles.
In the case of Dogecoin, the leading meme cryptocurrency has remained on a downtrend path since the second week of December, with notable corrections leading to a…
Source bitcoinist.com
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