Cryptocurrency analyst says Dogecoin is about to soar again - Come see what's going on
Hey, crypto friends, have you heard? That Dogecoin (DOGE) is about to start its crazy performance again!
Cryptocurrency strategist Ali Martinez revealed to his over 100,000 followers on social media that Dogecoin might play the 'parabolic rebound' game once more. You know, the kind of pattern where it skyrockets, then retraces, and then soars again.
In 2017, Dogecoin did just that, first surging by 212%, then retracing 40%, and then soaring by 5000%! It was the same in 2021, climbing by 476%, retracing 56%, and then skyrocketing by 12000%!
Now, in 2024, Dogecoin has risen by 440% and retraced by 46%. Ali Martinez said that if history repeats itself, Dogecoin is about to take off again, and it might even soar above $1!
He also shared charts indicating that Dogecoin has sent a bullish signal on the TD Sequential indicator, predicting a price rebound!
Speaking of which, Dogecoin is currently valued at $0.32.
Additionally, Ali Martinez looked at Bitcoin (BTC) and mentioned that this cryptocurrency giant might also be brewing a new move, similar to what happened in early 2024, where it fell below support before rebounding.
He predicts that if Bitcoin does indeed follow this path, it might briefly dip below $90,000. Right now, Bitcoin is at $94,133!
In conclusion, crypto friends, get ready to welcome a new round of excitement with Dogecoin and Bitcoin!
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