$DOGE
Dogecoin Price Mirrors Bullish Pattern From Last Cycle, Is A Rally To $6 Possible?
The Dogecoin price might be gearing up for what looks like another notable rally after its recent performance since the beginning of January. Dogecoin, which spent the majority of the last two weeks of December on a decline, has regained momentum this month and is now about to break above the $0.40 mark again.
According to crypto analyst Trader Tardigrade, Dogecoin is currently mirroring its movements in the last bull cycle. Particularly, price movements suggest that the meme coin may be preparing for a significant rally to reach new all-time highs in the coming months.
DOGE Playing Out Familiar Price Pattern
At the time of writing, Dogecoin is trading just below the $0.40 mark. This marks an impressive recovery after its recent decline to $0.267 in the middle of December. Interestingly, this decline saw the Dogecoin price retrace by about 45% after it reached a multi-year peak above $0.48 in early December. This Dogecoin price peak was on the back of an impressive rally that has been in play since October, with the meme coin breaking past multiple price resistance levels.
