According to @TATrader_Alan, Dogecoin (DOGE) has undergone a 73% correction, which is deemed sufficient from a technical perspective. The analyst highlights that, in a previous similar structure, DOGE experienced a 65% drop followed by the formation of three consecutive bottoms and then a significant upward surge. Currently, two bottoms have been established, and the formation of a third bottom could signal a potential bullish reversal for traders to watch closely. This triple bottom pattern is a widely recognized reversal signal in trading, suggesting possible accumulation and a future price surge if the pattern completes and confirms. Source: @TATrader_Alan

According to Miles Deutscher, a triple bottom pattern has been observed in altcoins, indicating a potential bullish reversal in the market. Triple bottom patterns are significant as they often signal the end of a downtrend and the start of an upward movement, making it a crucial point for traders to consider entry. This pattern, if confirmed, suggests that altcoin prices may increase, presenting lucrative trading opportunities. Traders should watch for a break above the resistance level for confirmation of this pattern. (Source: Miles Deutscher via Twitter)