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Dogecoin

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<p>Intriuging tweets by high-profile crypto traders have sparked speculation that meme coin icon Dogecoin may be on the verge of a massive rally.</p>
<h2 class="wp-block-heading" id="history-rhymes-for-dogecoin">History Rhymes for Dogecoin</h2>
<p>Popular analyst <strong>Ali</strong> <a href="https://twitter.com/ali_charts/status/1762004965349113863" target="_blank" rel="noopener noreferrer nofollow">noted</a> some similarities between current <strong>Dogecoin</strong> price action and patterns that played out during previous bull markets.</p>
<p><strong>“The price action of Dogecoin appears to mirror patterns observed in its past bull markets,” </strong>Ali stated. <strong>“If history repeats itself, we could see $DOGE enter a parabolic breakout around April!”</strong></p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="690" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-954-1024x690.png" alt="" class="wp-image-443710" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-954-1024x690.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-954-300x202.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-954-768x517.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-954-1536x1034.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-954-2048x1379.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-954-223x150.png 223w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-954-100x67.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-954-520x350.png 520w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-954-788x530.png 788w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>A fellow respected trader, JACKIS, <a href="https://twitter.com/i_am_jackis/status/1760751309358026852" target="_blank" rel="noopener noreferrer nofollow">tweeted</a> about DOGE with the historical comparison and reiterated that the question is not if but when Dogecoin will rally again.</p>
<p><strong>“For $DOGE it’s a matter of when, not if,”</strong> JACKIS tweeted. <strong>And DOGE is now like an index price for all the other <a class="wpil_keyword_link" href="https://captainaltcoin.com/meme-coins/" title="meme" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">meme</a> coins out there. If it does 500%, the others will do 5000%.”</strong></p>
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<h2 class="wp-block-heading" id="extended-range-bound-trading-precedes-rallies">Extended Range Bound Trading Precedes Rallies</h2>
<p>Adding credence to the speculation, analytics account <strong>Crypto Daily Trade Signals</strong> <a href="https://twitter.com/cryptodailyTS/status/1761540679380123797" target="_blank" rel="noopener noreferrer nofollow">chimed</a> in with some insightful statistics:</p>
<p>“Dogecoin <strong>Breakout and Consolidation</strong> The previous rally was preceded by a range formation that lasted 576 days, or a year and seven months.”</p>
<p>Specifically, the tweet notes that the previous Dogecoin rally was preceded by nearly 1.5 years (576 days) of the price oscillating within a relatively narrow trading range. Once Dogecoin finally broke out above the upper boundary of this range, an utterly explosive 18,376% rally followed over the coming months.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="515" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-953-1024x515.png" alt="" class="wp-image-443702" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-953-1024x515.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-953-300x151.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-953-767x386.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-953-1536x773.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-953-2048x1030.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-953-298x150.png 298w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-953-100x50.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-953-696x350.png 696w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-953-788x396.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-953.png 1940w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>Examining the current Dogecoin price action, the tweet observes that Dogecoin has now spent a similar period of 483 days (over 1 year and 4 months) bouncing around within a clearly defined range between resistance and support.</p>
<p>The conclusion is that based on the symmetrical timing precedents, Dogecoin may need around 3 more months of consolidation before having enough momentum to break out into another potential parabolic advance.</p>
<p>So if history indeed repeats itself, Dogecoin could be on the cusp of a parabolic advance similar to past bull market surges. After extended consolidation, Dogecoin may once again assert itself as the apex meme coin</p>
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<p>The post <a href="https://captainaltcoin.com/dogecoin-appears-to-mirror-patterns-observed-in-its-past-bull-market-analyst-shares-when-doge-could-do-a-parabolic-breakout/" rel="noopener noreferrer nofollow">‘Dogecoin Appears to Mirror Patterns Observed in Its Past Bull Market’, Analyst Shares When DOGE Could Do a Parabolic Breakout</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

‘Dogecoin Appears to Mirror Patterns Observed in Its Past Bull Market’, Analyst Shares When DOGE Could Do a Parabolic Breakout

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