During the last hours of Thursday, Dogecoin experienced a notable decline as the broader crypto market retraced, causing its price to revisit the $0.16 mark, a level not seen in several months. Despite the worrying shift in trend, DOGE’s medium-term and long-term outlook remains bullish as crypto analysts advocate for an imminent parabolic surge.

A Potential Moonshot For Dogecoin Around The Corner

Dogecoin’s waning price action has intensified following the recent decline observed across the broader market. However, Trader Tardigrade, a seasoned technical expert and investor, has outlined a key development on the DOGE’s chart that hints at a possible shift in the trend toward the upside trajectory.

In his analysis shared on the X (formerly Twitter) platform, Trader Tardig

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