Dogecoin: Bullish Diamond Bottom Pattern Forming

Trader Tardigrade highlighted a potential Bullish Diamond Bottom Pattern developing on Dogecoin's 8-hour chart.

Price sits at $0.08 where both the EMA50 and EMA200 converge as support while the MACD registers a golden cross at -0.0. The RSI at 41.62 remains neutral and price trades inside the Bollinger Bands with upper resistance at $0.08 and lower support at $0.07. This setup shows the diamond formation compressing volatility right at long-term moving-average support, suggesting any confirmed breakout above the upper band could trigger continuation toward higher targets before a deeper retracement tests the 50-EMA again.