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Shamii

06/22 01:27

Watch out! Dogecoin (DOGE) may be preparing for it

Watch out! Dogecoin (DOGE) may be preparing for its next strong rally.

Dogecoin (DOGE) is following the same pattern as it did in the past two cycles, both of which preceded a major rally.

Could this be the foundation for its next breakout?

Dogecoin [DOGE] is quietly repeating past patterns.

While prices are still a long way from their 2021 breakout highs and are down about 30% from a month ago, the overall pattern looks similar.

In both the 2016-17 and 2020-21 cycles, Dogecoin (DOGE) traded sideways for about a year before launching a major rally.

We’re talking about a 5,000% rally in 2017, and a staggering 21,000% rally in 2021. While we’re not there yet, the pattern feels similar. 1750555580104.png

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