Dogecoin

<p>Dogecoin (DOGE) is showing signs of a significant upward movement, with a recent jump of 1.13%, bringing its trading <a href="https://markets.coinpedia.org/dogecoin/" rel="noopener noreferrer nofollow">price to around $0.11.</a> Meanwhile, market analyst Ali Martinez suggests that DOGE is breaking free from a long-standing descending triangle pattern, which could lead to an impressive rally. If history repeats itself, Dogecoin might be on the verge 200% rise.</p>  
<h2 class="wp-block-heading" id="h-dogecoin-s-next-big-rally-nbsp">Dogecoin's Next Big Rally?&nbsp;</h2>  
<p>In a recent tweet, Martinez noted that Dogecoin might be following a familiar historical pattern that could signal a major rally soon. Martinez highlighted a sequence of events that has played out before, which could repeat itself.&nbsp;</p>  
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  https://twitter.com/ali_charts/status/1842985818430062993
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<p>The crucial aspect of this pattern is a breakout from a multi-year descending triangle. Historically, such breakouts have led to impressive price increases—often around 200%. After reaching these peaks, Dogecoin typically experiences a significant retracement, where it loses about 60% of its value before gearing up for another bull run.</p>  
<p>Currently, Dogecoin appears to be at a similar stage in this cycle. Following a notable price increase, the cryptocurrency recently faced a significant pullback of 65%. This retracement has sparked speculation that DOGE may be on the verge of another breakout.</p>  
<h2 class="wp-block-heading" id="h-support-levels-to-watch">Support Levels to Watch</h2>  
<p>Recent data from <a href="https://www.intotheblock.com/" rel="noopener noreferrer nofollow">Intotheblock reveals</a> that Dogecoin has regained a substantial supply of 43.72 billion coins across about 124,480 addresses after breaching the $0.108 mark. This recovery could provide a stable support base, helping to reduce selling pressure from traders who are currently in profit.</p>  
<p>However, amid recent market corrections, <a href="https://coinpedia.org/price-analysis/dogecoin-price-analysis-doge-price-rebounds-as-whale-investors-accumulate-over-220-million/" rel="noopener noreferrer nofollow">Dogecoin’s price</a> has pulled back from $0.132 to $0.10, marking a 21% decline. Geopolitical tensions, especially between Israel and Iran, have added to the selling pressure.&nbsp;</p>  
<p>Analysts warn that if this trend continues, DOGE could drop another 10.5% to reach a new support level of around $0.1. If this support holds, it may set the stage for buyers to push prices back above the previous peak of $0.13.</p>

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