The post Dogecoin Price Mirrors 2017 Rally: Is a New ATH on the Horizon? appeared on BitcoinEthereumNews.com.

Dogecoin (DOGE) price has witnessed sharp volatility, recently dropping 20% before rebounding to over $0.26. The cryptocurrency stabilized despite broader market turbulence, mirroring patterns from 2017. Analysts suggest this pullback could signal a potential rally toward new all-time highs. Meanwhile, other crypto markets also face corrections, highlighting ongoing market fluctuations across the crypto landscape. Dogecoin Price Repeats 2017 Pattern; Next Stop: New ATH?  Dogecoin price movements mirror its 2017 price action, signaling a possible surge to new all-time highs. Analysts have identified similarities between the ongoing pullback and the correction seen in mid-2017 before DOGE embarked on a parabolic rise.  This analysis suggests that Dogecoin’s recent pullback from November 2024 to early 2025 closely resembles the consolidation phase between May and September 2017.  The previous cycle saw Dogecoin experience a sharp correction, followed by a strong rebound that eventually led to significant price discovery.  The fractal comparison highlights key technical signals. Both charts display a pullback phase marked by similar retracement structures, where support is held at key levels. In 2017, this pattern preceded a massive breakout. If history repeats, Dogecoin could be positioning itself for another bullish expansion. The meme coin saw an ATH of  $0.7376, down by -64.63% in the year 2021. Whales Accumulate 750M DOGE Amid Dip The latest market activity indicates a surge in whale accumulation as large investors seized the recent dip to purchase 750 million Dogecoin price. This substantial buy-in suggests renewed confidence in the cryptocurrency market, signaling potential bullish sentiment among major holders. On-chain data highlights increased activity from wallets holding between 10 million and 100 million DOGE. This spike in accumulation coincided with a market downturn, reflecting whales’ strategic positioning. Analysts view this development as a possible indicator of upcoming price movements, reinforcing optimism in the Dogecoin ecosystem. DOGE Technical Analysis The DOGE price…

---

Filed under: News - @ February 6, 2025 9:23 pm