Technical analysis by mptrading74675 about Symbol ELON: Buy recommendation (7/29/2025)

This idea is speculative and shouldn’t be taken too seriously, but the resemblance between these two charts is striking. Both projects experienced two massive bull runs with a brief correction period between them, followed by a multi-year bear market. Both saw a volume spike exceeding 10 times the average volume. Dogecoin reversed with an inverse head-and-shoulders pattern, while ELON is potentially forming a triple bottom. ELON is currently considered ‘dead,’ much like Dogecoin was back then. I believe it doesn’t hurt to take a small position here—similar to the sentiment shared by influencers about Dogecoin before its massive rally.