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Parabolic

Dogecoin

Edge

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<a href="https://u.today/dogecoin-doge-ticks-past-massive-5-billion-in-large-transactions-as-price-dips" rel="noopener noreferrer nofollow">Dogecoin (DOGE)</a>, the largest dog-themed cryptocurrency by market value, appears to be on the verge of a major upward trend.
"History never repeats itself, but it often rhymes." As a result, traders and analysts frequently analyze whether the current price activity resembles anything from the past to understand what lies ahead.
Crypto analyst <a href="https://twitter.com/ali_charts/status/1774509832629854365" rel="noopener noreferrer nofollow">Ali</a>, in a new tweet, indicated that if history is any guide, DOGE could be at the very beginning of a massive parabolic bull run. In this context, if the 2018–2021 fractal is a guide, DOGE's path of least resistance could be on the upside.
<blockquote>
 I feel my fellow degens have been distracted with the new shiny <a href="https://twitter.com/hashtag/memecoins?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#memecoins</a>, but <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Dogecoin</a> remains the most important <a href="https://twitter.com/hashtag/altcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#altcoin</a> in this sector.From a technical perspective, <a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#DOGE</a> seems to mirror the 2018-2021 pattern. If so, <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$DOGE</a> could be at the very beginning of a massive… <a href="https://t.co/WGREwsxPcb" rel="noopener noreferrer nofollow">pic.twitter.com/WGREwsxPcb</a>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1774509832629854365?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 31, 2024</a>
</blockquote>
"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 said in an X post. &nbsp;A parabolic bull run would not only increase the value of DOGE but might also bring it closer to the much coveted $1 mark.
Still, past data is no guarantee of future results. A potential bearish turnaround in market sentiment might trigger price declines for Dogecoin.
That said, while the signals point to a potentially exciting era for Dogecoin, it remains to be seen whether <a href="https://u.today/dogecoin-doge-community-warned-of-airdrop-scams-details" rel="noopener noreferrer nofollow">DOGE</a> can repeat its historical performance and embark on a parabolic bull run.
However, the anticipation is palpable, and the crypto community is watching closely, ready for whatever comes next.
<h2 id="dogecoin-price-action">Dogecoin price action</h2>
At the time of writing, Dogecoin was up 0.21% in the last 24 hours to $0.207, mirroring the lackluster trading on the crypto market on the very first day of April. Dogecoin has dipped while in an uptrend, indicating that traders are taking profits near $0.23.
Dogecoin fell to an intraday low of $0.199 during today's trading session before recovering marginally to current values. If the rally continues, Dogecoin may target the overhead barrier at $0.23 before shooting for the $0.30 mark next.
On the contrary, a dip below $0.19 might open the door to a fall to $0.17 and, consequently, $0.13.
In the past week, Version 1.0 of Gigawallet, a backend service that provides a convenient integration API for platforms such as online shops, exchanges and social media platforms, was released. This is anticipated to be a positive catalyst for Dogecoin adoption in the days ahead.

Dogecoin (DOGE) Teeters on Edge of Parabolic Breakout If This Happens

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