I noticed something interesting on the Dogecoin chart. If you look closely, the entire movement since October 2023 looks like a huge bullish megaphone, and it closely resembles a classic pattern called the Livermore Cylinder. You know, Jesse Livermore described this trading pattern over a hundred years ago, and its principles still work on modern assets today.

This Livermore accumulation cylinder is quite applicable to Doge. Of course, not perfectly, but the main features match — clear bullish and bearish legs are visible within the structure. The point is that this was a massive accumulation phase, just like in the rest of the altcoin market. Technically speaking, the accumulation is complete, and now the market is starting an aggressive breakout above this cylinder.

According to the Livermore Cylinder model, target levels could be $1.50 and $12.00. Although the second seems too ambitious even for a bullish cycle. The first level is a more realistic scenario if the trend continues. Currently, Doge is trading much lower, so it will be interesting to see how the situation develops further.