Dogecoin

bullish

Bitcoin

Ali Martinez, one of the most well-known analysts in the crypto world, has recently shared his analysis of Dogecoin (DOGE), suggesting that history may be repeating itself for the popular meme coin. 
<h2 id="is-dogecoin-following-a-familiar-pattern">Is Dogecoin Following a Familiar Pattern?</h2> 
According to Martinez, DOGE may be exiting a multi-year descending triangle formation. Historically, this pattern has resulted in a 200% surge, followed by a 60% pullback, and then a significant bull run. 
<a href="https://www.turkishnyradio.com/ali-martinez-evaluates-bitcoin-and-dogecoin-whats-next/" target="_blank" rel="noopener">Martinez</a> also highlighted that Bitcoin (BTC) has experienced a 65% retracement in its current market state, potentially setting up for the next major rally. 
<img decoding="async" class="alignnone size-full wp-image-21750" src="https://www.turkishnyradio.com/wp-content/uploads/2024/10/representing-the-analysis-of-Dogecoin-by-a-well-known-analyst-The-visual-should-feature-Dogecoins-symbol-prominently-alongside-upwa.webp" alt="representing the analysis of Dogecoin by a well known analyst The visual should feature Dogecoins symbol prominently alongside upwa" width="1792" height="1024" title="Renowned Analyst Suggests &quot;History May Be Repeating Itself&quot; for Dogecoin—Here's His Outlook 8" srcset="https://www.turkishnyradio.com/wp-content/uploads/2024/10/representing-the-analysis-of-Dogecoin-by-a-well-known-analyst-The-visual-should-feature-Dogecoins-symbol-prominently-alongside-upwa.webp 1792w, https://www.turkishnyradio.com/wp-content/uploads/2024/10/representing-the-analysis-of-Dogecoin-by-a-well-known-analyst-The-visual-should-feature-Dogecoins-symbol-prominently-alongside-upwa-768x439.webp 768w, https://www.turkishnyradio.com/wp-content/uploads/2024/10/representing-the-analysis-of-Dogecoin-by-a-well-known-analyst-The-visual-should-feature-Dogecoins-symbol-prominently-alongside-upwa-1536x878.webp 1536w" sizes="(max-width: 1792px) 100vw, 1792px"> 
Moreover, the analyst pointed out that the increasing number of large transactions on the Dogecoin network could be a bullish signal: 
“The number of large transactions on the Dogecoin network continues to rise, indicating that institutional investors and DOGE whales may be positioning themselves for a potential upward move.” 
At the time of writing, DOGE is trading at $0.1106, having dropped by 13% over the past week. 
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Renowned Analyst Suggests “History May Be Repeating Itself” for Dogecoin—Here’s His Outlook

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