Airdrop Army

Dogecoin (DOGE) just saw a rocket-powered surge, climbing 229% throughout November. This came right after Donald Trump snagged the U.S. election, sparking a flurry of memecoin hype. Now, DOGE fans are watching for the next big move, hoping the coin’s history repeats itself.

DOGE Cracks Through $0.37, Eyes Higher Peaks

The coin’s market vibe did a flip as it smashed the $0.37 barrier—territory last seen in October 2021. If it follows its earlier script, things might get even wilder. Old-school trader Peter Brandt, who’s been analyzing DOGE’s every wiggle, shared on X that “DOGE’s chart is a textbook case.” He’s pointing to how the memecoin shows an inverse head-and-shoulders (H&S) setup. Back in 2020, a similar pattern kicked off a massive rally.

DOGE’s weekly chart is now echoing those old rhythms. This time, the coin already jolted up 190% after breaking out from another inverse H&S.

Crypto Watchers Debate DOGE’s Next Leap

Another crypto brain, Mikybull, has his sights on a golden cross lighting up DOGE’s weekly chart. This crossover is a big-time signal, hinting at a possible extended bull phase. Yet, he’s less bullish than 2021, when DOGE soared a face-melting 7,000%. Now, Mikybull predicts a top between $3 and $4, calling for about 1,136% gains—still massive, but not as meteoric.

On Nov. 12, Dogecoin hit $0.44 but slid back 22% to $0.34 soon after. Since then, DOGE’s rhythm cooled, moving back and forth between $0.44 and $0.34. Trader Jacob Canfield threw out a warning, suggesting the market’s lack of enthusiasm after Trump’s decision to pick Elon Musk and Vivek Ramaswamy for the D.O.G.E. could spell a slump.

Key Price Zones Draw Trader Attention

DOGE’s action zone sits between $0.30 and $0.326, a spot called the fair value gap (FVG) on the 1-day chart. Traders are eyeing it closely. Below $0.30, there’s a tricky order block from $0.272 to $0.297, which syncs up with the 50-day EMA. This region might act as a bouncy pad if DOGE stumbles, giving another chance for liftoff.