Dogecoin

● Dogecoin exhibits a recurring pattern, and it recently broke out from a descending triangle as well as underwent a 47% correction.● Historical patterns show Dogecoin experienced major gains after similar corrections in 2017 and 2021.● Despite a recent decline in its price, Dogecoin maintains a robust market cap of approximately $18.17 billion.Dogecoin (DOGE), the pioneer memecoin, has demonstrated notable price fluctuations reminiscent of its past market behaviors. Ali’s <a href="https://x.com/ali_charts/status/1785808747383673157" rel="noopener noreferrer nofollow">analysis</a> delves into the currency&#39;s current state compared to its historical performance during similar market phases.<a href="https://cryptotale.org/can-dogecoin-sustain-the-bullish-momentum-key-levels-to-watch/" rel="noopener noreferrer nofollow">Dogecoin</a> has shown a tendency to undergo significant retracements following specific technical patterns, notably descending triangles, which have historically preceded substantial price surges. In 2017, following a breakout from a descending triangle, Dogecoin&#39;s value decreased by 40% before it embarked on a 982% bull run. A similar pattern occurred in 2021 when it retraced by 56% after a breakout, only to soar by an astonishing 12,197%.Read more on <a href="https://cryptotale.org/dogecoin-displays-cyclical-trends-of-descending-triangle-pattern/" rel="noopener noreferrer nofollow">Cryptotale</a>.Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter</a> | <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram</a> | <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram</a> |

Dogecoin Displays Cyclical Trends of Descending Triangle Pattern

CryptoTale

Altri articoli pubblicati su 2 mag 2024

Bitget brings Pre-listing of Zerolend (ZERO) Tokens in Pre-Market (2 May)

Poloniex delists own WBTC product following depeg

Top 10 Cryptocurrencies with Highest Corporate Investments in April: Spotlight on Key Coins and S...

Dropbox Sign Hit With Massive Data Breach, Here’s What Happened

Bitcoin post-halving price consolidation could last 2 months — Bitfinex

Solana to Avalanche: Tracking the memecoin frenzy across networks

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!