{"id":631568,"date":"2024-07-25T15:30:48","date_gmt":"2024-07-25T15:30:48","guid":{"rendered":"https:\/\/wncen.com\/?p=631568"},"modified":"2024-07-25T13:17:39","modified_gmt":"2024-07-25T13:17:39","slug":"dogecoin-1700-rally-past-cycle-trends","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/dogecoin\/dogecoin-1700-rally-past-cycle-trends\/","title":{"rendered":"Dogecoin Set For 1,700% Rally, Echoing Past Cycle Trends: Crypto Analyst"},"content":{"rendered":"
Crypto analyst Ali Martinez, known as @ali_charts on X, has shared a highly optimistic scenario for the Dogecoin (DOGE) price based on historical price movements and pattern analysis today. Martinez emphasized a repeating cycle in Dogecoin’s market behavior, suggesting a potential for massive gains similar to those observed in previous bull runs.<\/p>\n
According to the analysis<\/a>, Dogecoin appears to be following a consistent pattern where it consolidates within a descending triangle, followed by significant rallies of 140% to 230%. This is typically succeeded by retracements ranging from 56% to 60%, setting the stage for a bull run.<\/p>\n \u201cI haven’t sold one single DOGE. I’ve just been buying! Dogecoin is playing the same pattern we’ve seen before. It consolidates in a descending triangle, sees a 140% to 230% rally, and retraces by 56% to 60% before entering a bull run. So now we just wait!!!\u201d Martinez said via X.<\/p>\n The chart shared by the crypto analyst illustrates a recurring theme in Dogecoin\u2019s trading history<\/a>. In 2016, DOGE price successfully broke out of a descending triangle pattern, leading to a substantial rally of 229.58%, followed by a significant retracement of 60.44%. This pullback set the stage for the primary bull run<\/a> surge witnessed in 2017.<\/p>\n Similarly, in 2020, Dogecoin experienced a 138% rise post a breakout from another descending triangle pattern, only to undergo a 59.86% decline subsequently. Nevertheless, this decline cleared the way for yet another remarkable price surge in 2021.<\/p>\n