Dogecoin (DOGE) Historic Pattern Shows Huge Rally, Says Analyst
Release: 2024/07/25 19:29 Reading: 341
Dogecoin Poised for Bull Run, Analyst Predicts
Dogecoin (DOGE) holders can breathe a sigh of relief as it appears that the coin's consolidation period may soon end. Renowned crypto trader and expert Ali Martinez predicts a strong bull run for DOGE in the near future.
Martinez has not sold any of his DOGE holdings during the recent market downturn but has instead been buying the dips. He believes that DOGE has been following a pattern similar to previous years, where it consolidates in a descending triangle before witnessing a rally of 140% to 230%.
A subsequent retracement of 56% to 60% usually follows this rally. DOGE is currently in this retracement phase, which Martinez believes precedes a major bull run.
Martinez advises followers to wait for this price movement and accumulate DOGE with patience.
Currently, DOGE is trading at $0.1248, despite a 6.18% dip in the last 24 hours. Trading volume has increased by 5.48% to $903.45 million. While DOGE has experienced another dip today, Martinez's analysis suggests that a rebound is possible.
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