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Upcoming third significant Dogecoin price rise is likely as experts detect a recurring scenario. ETHNews.

- Market analysis experts are detecting a third macrocycle forming on Dogecoin's long-term chart, which is a repeat of past significant upswings.

market analysis experts are detecting a third macrocycle forming on Dogecoin's long-term chart, which is a repeat of past significant upswings.

It is said that major coin holders (whales) have withdrawn over 3 billion #DOGE from circulation in the past month, which could indicate a major regrouping of assets ahead of a possible upswing. Despite the selling pressure, experts predict a cyclical breakdown similar to the one in 2017 and 2021, which preceded the rapid price hikes.

Several prominent crypto analysts believe that the #Dogecoin (DOGE) coin is approaching its third major spiral as historical price patterns once again coincide. Technical trader EtherNasyonal showed a long-term chart showing that Dogecoin's dynamics have followed the same rhythm since 2014: a long period of stabilization followed by a sharp vertical rise.

The first powerful rise occurred in 2017, when DOGE soared by thousands of percent, and then returned to the zone of long-term accumulation.

A similar scenario was repeated in 2021, when Dogecoin again showed a sharp rise in a bullish phase, triggered by the interest of retail investors and the support of Ilon Musk. Now, according to analysts, the conditions are being created for a third flash crash, which could be the basis for another significant period of growth.

Specifically, blockchain information provided by Ali Martinez indicates that large Dogecoin holders have dumped more than 3 billion DOGE in the last 30 days.

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