🚀🚀🚀 Dogecoin (DOGE) Historical Trend Points to $1 Before Halving

A number of tokens have been seen in green in the digital asset market since Wednesday. However, as the month of March approaches, all eyes are on how these assets are positioned for the upcoming Bitcoin Halving event. According to a crypto analyst, #Dogecoin (#DOGE ) is showing a historical trend that signals a price of $ 1 before the halving.

The halving event is currently scheduled to take place on April 20. Moreover, its importance can lead to an increase in the price of a large number of digital assets. According to COINGECKO, the DOGE may be preparing for a rally that mirrors its legendary rise in 2021, after an increase of more than 115% during the month of March alone.

Is Dogecoin Spying on $1 at the Bitcoin Halving Event?

the year 2024 has been one of the most important years for the digital asset market. The positive mood was driven by Bitcoin, and the asset reached an all-time high of $73,000 after Spot Bitcoin ETF approvals issued in January.

But its rise has paved the way for other assets to perform well too. Moreover, the rising wave of BTC may affect the original meme coin. Specifically, Dogecoin (DOGE) may be preparing to rise to $1 before the half-term, as the event is scheduled to be held in April.

This may sound crazy, but if history is any guide, #Dogecoin $DOGE could reach $1 by mid-April!

Well-known crypto analyst Ali Martinez took to X (formerly Twitter) to discuss the mainstay of meme coin. Specifically, he pointed out a historical trend that could advance existence. Martinez notes in his post that "If history is a guide," DOGE is aiming for $1 by mid-April.

This prediction coincides with a similar opinion shared by crypto analyst Cryptollica . They shared a post to X to share four price charts that point to a bullish move for the cryptocurrency. The charts show movements similar to Dogecoin's behavior in 2014, 2018 and the landmark year 2021.