Amid the asset’s recent comeback, a Dogecoin analyst predicts a significant bull run for Dogecoin (DOGE). Indeed, the original memecoin was one of several cryptocurrencies trading in the green to begin the day.
Dogecoin has increased by about 8% in the previous 24 hours, according to CoinMarketCap data. Currently trading over $0.13, the performance has reversed losses accumulated over the last 30 days. Following that, one analyst explained why history may be about to repeat itself in the form of an imminent rally.
Analyst Predicts Dogecoin Prone to Repetition
Specifically, crypto researcher Ali Martinez predicts that Dogecoin will have a tremendous bull run. Martinez spoke to X (previously Twitter) to discuss DOGE’s historical developments. Furthermore, he explained why the asset could be prone to repetition.
Martinez commented on the asset price fall, saying it was “mutual behavior before a massive bull run!” He then mentioned that in 2017, DOGE broke out of a falling triangle. It then retraced 40% “before entering a 982% bull run!”
Moving on to today’s market, Martines saw that DOGE again broke out of a falling triangle. Since then, the asset has experienced a 47% price correction. As a result, it could be poised for a significant bull surge, confirming the historical trend. Find out the best hentai AI generator.
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