Dogecoin (DOGE) Price History From 2017 About to Play Out?
The post Dogecoin (DOGE) Price History From 2017 About to Play Out? appeared on BitcoinEthereumNews.com.
Dogecoin (DOGE), the world’s leading memecoin, is experiencing a unique trend that resembles previous cycles. One analyst believes Dogecoin price could rally to new highs if it follows historical precedence. As of this writing, DOGE price was trading at $0.3131, down 1.14% in the last 24 hours and 24.16% within the past week. Historical Dogecoin (DOGE) Price Patterns Playing Out In a recent X post, popular onchain analyst Ali Martinez compared Dogecoin’s recent performance to previous cycles. The analyst pointed out that DOGE started a parabolic run in 2017, surging 212%. Shortly after this surge, the memecoin retraced 40% before rallying by 5,000%. Martinez noted that DOGE saw a similar price trend in 2021. During this time, DOGE increased by 476% before retracing 56%. Eventually, the memecoin skyrocketed by an outstanding 12,000%. In 2017, when #Dogecoin began a parabolic run, it surged 212%, retraced 40%, then rallied 5,000%. In 2021, it went up 476%, retraced 56%, then skyrocketed 12,000%. Now, in 2024, $DOGE is up 440% and has retraced by 46%. If history repeats, another parabolic rally is on the way! pic.twitter.com/uhf2kMc0Id — Ali (@ali_charts) December 23, 2024 Martinez stated that Dogecoin’s recent performance resembles these historical trends. According to the analyst, DOGE has rallied by 440% in 2024 and retraced by 46%. The analyst claims DOGE is set to see a bullish rally if history repeats itself. Despite this correlation, the analyst did not predict the anticipated percentage increase. However, one commenter said DOGE could rally between 150% and 300,000% in the current cycle. – Advertisement – Another commenter predicted that DOGE could rally to $1 within the next seven days. Dogecoin Price and Bull Market: December Outlook Dogecoin’s December performance over the past decade presents a mixed picture. However, there is still hope for bullish sentiment this year.…
Filed under: News - @ December 24, 2024 3:25 pm