Dogecoin price could rally 20% in July with this bullish reversal pattern

Cointelegraph

Published Jun 27, 2022 05:48AM ET

Updated Jun 27, 2022 07:20AM ET

Dogecoin (DOGE) looks ready to extend its rebound move despite the current crypto bear market.

DOGE's price appears to have been painting a "bump-and-run-reversal (BARR) bottom" since May 11, a technical pattern that points to extended trend reversals in a bear market. It consists of three successful phases: Lead-In, Bump, and Run.

DOGE/USD daily price chart featuring 'BARR bottom' pattern. Source: TradingView
DOGE/USD weekly price chart featuring 50-week EMA. Source: TradingView
DOGE/USD four-hour price chart featuring 'rising wedge' setup. Source: TradingView

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