Dogecoin (DOGE) holders may soon see a new bull cycle. DOGE's consolidation period is coming to an end, and a huge price increase is imminent.

DOGE has historically seen rallies of 140% to 230% after descending triangle consolidation. Currently, DOGE is in a retracement phase, but historical patterns suggest that this could be followed by a major bull run.

Currently, DOGE is priced at $0.1248, down 6.18% in the past 24 hours, and the 24-hour trading volume increased by 5.48% to $903.45 million. Despite another drop today, DOGE may soon rebound.

As the overall crypto market sentiment improves, major currencies such as Bitcoin and Ethereum are also experiencing a consolidation period, which may provide support for DOGE's bull run. Holders should remain patient and wait for the market to turn around.

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