Renowned Analyst Suggests “History May Be Repeating Itself” for Dogecoin—Here’s His Outlook

Dogecoin's Historic Pattern May Repeat

Ali Martinez, a renowned crypto analyst, has shared his analysis of Dogecoin (DOGE), suggesting the popular meme coin may be following a historical pattern.

Repeating History for DOGE

According to Martinez, DOGE is potentially exiting a descending triangle formation lasting multiple years. This pattern has historically led to a 200% surge, followed by a 60% correction and then a substantial bull run.

BTC's Influence

Martinez also highlights that Bitcoin (BTC) has undergone a 65% retracement, potentially setting the stage for its next major rally.

Bullish Signals

Additionally, the analyst notes an uptick in large transactions on the Dogecoin network:

"This rising number indicates that institutional investors and DOGE whales may be accumulating for a potential upward move."

Current Market Status

At the time of writing, DOGE trades at $0.1106, down 13% over the past week.

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