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<p>A popular crypto expert is urging Dogecoin (DOGE) investors not to get distracted by newly launched memecoins, suggesting that the original memecoin could be gearing up for a major bull run based on technical signals.</p><p>The analyst, who goes by the name <a href="https://twitter.com/ali_charts/status/1774509832629854365" rel="noopener noreferrer nofollow">Ali on X,</a> believes that while “fellow degens have been distracted with the new shiny #memecoins,” Dogecoin “remains the most important #altcoin in this sector.”</p><p>According to Ali’s technical analysis, Dogecoin’s recent price action appears to be mirroring the pattern DOGE went through from 2018 to 2021. If the fractal plays out, the analyst warns that “DOGE could be at the very beginning of a massive parabolic bull run.”</p><figure class="wp-block-image size-large"><img width="1024" height="683" src="https://captainaltcoin.com/wp-content/uploads/2024/03/image-1527-1024x683.png" alt="" class="wp-image-465090"></figure><p>“From a technical perspective, #DOGE seems to mirror the 2018-2021 pattern. If so, $DOGE could be at the very beginning of a massive parabolic bull run!” Ali stated in a tweet alongside a chart comparing the two patterns.</p><p>A parabolic bull run refers to a particularly powerful uptrend that traces a parabolic curve on price charts, often fueled by an influx of speculative trading interest.</p><p>Dogecoin famously went through such a parabolic rally in early 2021 amid the memecoin frenzy, with the price skyrocketing over 15,000% from under a penny to an all-time high near 74 cents. The explosive move captured mainstream attention and catalyzed the initial meme-based crypto craze.</p><div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:"><div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i><div class="rh-colortitle-inbox-label"> Explosion in Meme Coin Market; How to find potential successors to $WIF, $PEPE, and $BONK? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;"></div></div><div class="rh-colortitlebox-text"><style>.rh-toggler-open{height:auto !important}
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.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style><div class="wp-block-rehub-contenttoggler rh-contenttoggler"><div class="rh-toggler-wrapper" style="height:100px"><p>The key? Getting in early, especially during the <strong>ICO phase</strong>. Check out <a href="https://captainaltcoin.com/go/ll_inside/" rel="noopener noreferrer nofollow"><strong>NuggetRush</strong></a> today! This new memecoin combines play-to-earn gaming with authentic gold mining ventures. <a href="https://captainaltcoin.com/go/ll_inside/" rel="noopener noreferrer nofollow"><strong>Seize the opportunity</strong></a> with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.</p><span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span></div></div></div></div><p>Technical analysis involves studying patterns, indicators and historical data on an asset’s price charts to attempt to forecast where the price could head next. Analysts often look for repeating fractals, or similar pattern formations over different timeframes.</p><p>Of course, technical analysis is not a crystal ball, and past performance never guarantees future results. However, Ali appears to be suggesting that another massive parabolic uptrend could be brewing for Dogecoin based on the fractal playing out once again.</p><p>The analyst’s warning against chasing “new shiny <a class="wpil_keyword_link" href="https://captainaltcoin.com/meme-coins/" rel="noopener noreferrer nofollow">memecoins</a>” hints that DOGE’s first-mover advantage and significant brand recognition could allow it to greatly outperform upstart meme token competitors if the next speculative frenzy arrives.</p><p>You may also be interested in:</p><ul><li><a href="https://captainaltcoin.com/jupiter-jup-and-mantle-mnt-prices-pumping-heres-why/" rel="noopener noreferrer nofollow">Jupiter (JUP) and Mantle (MNT) Prices Pumping – Here’s Why</a>&nbsp;</li><li><a href="https://captainaltcoin.com/solana-sol-price-eyeing-all-time-highs-in-april/" rel="noopener noreferrer nofollow">Solana (SOL) Price Eyeing All-Time Highs in April?</a></li><li><a href="https://captainaltcoin.com/blasts-dynamic-ecosystem-leading-5-innovations-in-defi-and-gaming/" rel="noopener noreferrer nofollow">Blast’s Dynamic Ecosystem: Leading 5 Innovations in DeFi and Gaming</a></li></ul><div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style=""><div class="col_wrap_two mb0"><div class="offerbox_big_wrap flowhidden"><div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" rel="noopener noreferrer nofollow"><img class="lazyload" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"></a></div><div class="product-summary col_item mobileblockdisplay"><h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-rel-noopener-noreferrer-nofollow-span-check-nuggetrush-nugx-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" rel="noopener noreferrer nofollow"><span>Check NuggetRush ($NUGX)</span></a></h3><div class="rev_disclaimer font70 greencolor lineheight15 mb20"> Sponsored: Invest Responsibly, Do Your Own Research. </div><div class="buttons_col mb25 rh_big_btn_inline"><div class="priced_block clearfix"><div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" rel="noopener noreferrer nofollow"> Buy NUGX Today </a></div></div></div><div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"></i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"></i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"></i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"></i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"></i><strong>NFT</strong> Integration with Prominent Characters </div></div></div></div></div><p>The post <a href="https://captainaltcoin.com/expert-warns-dogecoin-investors-against-chasing-new-shiny-memecoins-sees-massive-parabolic-bull-run-for-doge/" rel="noopener noreferrer nofollow">Expert Warns Dogecoin Investors Against Chasing ‘New Shiny Memecoins’, Sees ‘Massive Parabolic Bull Run’ for DOGE</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Expert Warns Dogecoin Investors Against Chasing ‘New Shiny Memecoins’, Sees ‘Massive Parabolic Bull Run’ for DOGE

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