Dogecoin (DOGE) may be about to undergo a bullish reversal, according to crypto researcher Trader Tardigrade.
The appearance of a Dragonfly Doji candlestick and Dogecoin's macro-level adherence to the Mean Reversion theory were two noteworthy patterns Tardigrade pointed out in his analysis.
Mean Reversion theory suggests that Dogecoin's price movement is consistent with returning to higher price levels.
Cardano founder Charles Hoskinson has proposed integrating Dogecoin with the X social media platform, potentially boosting its future prospects.