DOGE Entering a New Bullish Trend?
The recovery in the cryptocurrency market has been quite evident over the past few days, with Bitcoin (BTC) reclaiming the $64,000 mark and Ethereum (ETH) climbing above $3,100. However, one digital asset’s gains have been even more impressive: Dogecoin (DOGE).
The price of the largest meme coin by market value rose by about 15% week-on-week, inching up to $0.17.
Many analysts say the latest rally sets up a major bullish environment for DOGE, meaning its value could rise significantly in the coming months.
Previous DOGE predictions
One cryptocurrency analyst who has also recently weighed in is Ali Martinez. ...
He noted that the price of DOGE has fallen several times over the past few years and then surged significantly. The first case occurred in 2017, when DOGE retraced 40% before surging nearly 1,000%.
Four years later, it happened again, with the token’s valuation falling 56%, but it later surged 12,000% to an all-time high of nearly $0.70.
“Now, in 2024, DOGE has broken out of the descending triangle again! It is currently experiencing a 47% price correction, very similar to previous cycles, which could trigger the next DOGE bull run,” Ali Martinez concluded.
(Personal opinion, not a recommendation)
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