For those of you who say $DOGE is boring - for the most part, you're right.

It's spent ~9.5 years of its existence trending sideways or down. The other 1 year? It had one run that pumped ~6000% from the lows and another that pumped more than 30,000%.

The duration its moved sideways since the last ATH is within a similar range to its previous two sideways ranges prior to breaking out.

Each of those respective moves took ~8-9 months after the halving before they began to pump. We're currently only two months past the most recent BTC halving. With that in mind, it would actually be more fitting to the trend that a real breakout / expansion move doesn't happen until Dec - Feb.

With that in mind, I wouldn't be surprised to see the current bullish trend break lower back to the 8-10 cents range and retrace the February move up that we saw. A similar trend break with a ~30% drawdown and retrace happened in August of 2020, several months before the beginning of DOGE going mainstream and gigasending.

I've been a bit overeager to see Dogecoin catch up with the moves we've seen across the rest of the meme coin market without zooming out and considering previous cycles. I still believe we're in a meme coin supercycle and we'll see DOGE send to $1 - $2. History just says we most likely have a little bit of time left to prep for it before it happens.

#doge⚡ #mememcoinseason2024 #MtGoxJulyRepayments #Megadrop