Dogecoin price has returned to a level that should be watched closely for long-term price action, as multi-year chart structures begin to resemble conditions that preceded its last historic rally. Still spending years correcting from its 2021 peak, Dogecoin is now trading inside a well-defined accumulation zone on the higher time frame, according to a new technical analysis shared by Crypto Patel on X. The analyst noted that this phase may be setting the stage for a macro Wave 5 expansion that takes the meme coin to new price highs, provided important support levels continue to hold. Dogecoin Sitting In High-Timeframe Accumulation Zone Technical roadmap on the 2-week candlestick timeframe chart breaks Dogecoin’s price action after the 2021 price high into Elliott Wave phases
source: https://www.newsbtc.com/dogecoin-2/a-3000-for-dogecoin-price/