Dogecoin (DOGE): Can it fly again after falling?
Dogecoin has been a bit panicked recently, falling 45% from a high of $0.48.
But even so, it still held the important position of $0.3, leaving some hope for a rebound later.
The bulls are now gathering strength to turn this price into a solid support point.
Interestingly, Dogecoin's current trend is a bit like that of 2017.
History tells us that after Dogecoin pulls back, it often
If history repeats itself, Dogecoin may start its soaring journey again.
Although the market sentiment is a bit complicated now, there are still many people who are optimistic. Traders are watching Dogecoin to see if it can hold the support level and lay a good foundation for the subsequent rise.
Dogecoin now seems to be regaining its previous feeling and preparing for a possible surge in 2024.
Its price trend is quite similar to the bull market in 2017 and 2021. This similarity has ignited the enthusiasm of investors, and everyone is looking forward to catching the next wave of big increases.
You see, in 2017, Dogecoin first soared by 212%, then pulled back by 40%, and then soared directly by 5,000%!
In 2021, it was the same, first rushing to a high of 476%, then pulled back by 56%, and then rose by an astonishing 12,000%!
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