Experienced crypto trader Ali Martinez predicts a major bull run for DOGE. Based on historical price pattern analysis, DOGE is expected to experience a significant rise soon, and this may occur after the recent pullback.

Martinez, a well-known name in the cryptocurrency trading community, stated that DOGE's price movements are consistent with historical patterns in the past years. Despite the current bear market, Martinez preserved his DOGE investments and accumulated more, taking advantage of price declines. Making a statement to his 68.1K followers on the X platform, Martinez emphasized that DOGE's price movements reflect the patterns observed in previous years.

According to Martinez's analysis, there is a repeating pattern on DOGE's price chart from 2015 to July 2024. Meme coin forms a descending triangle formation that often leads to large rallies ranging from 140% to 230%. This pattern usually continues with a 56% to 60% retracement. According to Martinez, DOGE is currently in this retracement phase, which has historically been a harbinger of a major bull run. He advises his followers to hedge their positions and accumulate more DOGE, avoiding the common trap of panic selling.

Dogecoin is currently trading at $0.1248 and is down 6.18% in the last 24 hours. Despite this, 24-hour trading volume increased by 5.48% to $903.45 million. Martinez's analysis suggests that this latest decline could lead to a rebound based on historical patterns. Experts emphasize the importance of patience and strategic knowledge in such periods.

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