Despite the experience of a It crashes to its lowest levelAnalysts are still optimistic about Dogoin prices. It is worth noting that Trader Tardigrade, an expert in X (formerly Twitter), expects an increase to $ 2 for the DOGECOIN price. The analyst cited Historical prices patterns This Mimi currency usually shows a significant decline before gathering to new levels.
Historical patterns indicate
the Dogecoin decline price It may approach its end, as a modern analysis shared by Trader Tardigrade High Amazing trend in the work of Meme Coin during the past few years. Analyst predicts that Dogecoin is about Explore To $ 2 in this bull market.
Before all of its main gatherings during previous bulls, Mimi’s currency witnessed a significant decline in more than 50 %. This style, as shown in the scheme, has been consistent over the years, and often preceded Strong counterators.
Trader Tardigrade revealed that during the first major correction in Dog in 2016, the cryptocurrency recorded a sharp decrease of about 59.76 %. After that, the Mimi currency increased sharply in 2017, witnessing a recovery between $ 0.013 and 0.019 points.
A similar trend occurred during the second decline in 2020 to 2021 Taurus Market. The price of Dogecoin decreased by 56.20 % before it suffers from a famous Run Run increase, which I moved to the highest current level ever above the 0.65 dollar sign.
Based on these historical patterns, which have almost identical decline rates, Trader Tardigrade argues that Dogecoin can face a similar trend once its final decline ends. The latest data shows that DOGECOIN price recorded sharp correction In 2024, he decreased by 58.25 % and agreed with the previous decline and the conditions that preceded the previous gatherings.
With this The final decline Trader tardigrade already registered, indicates that the current DOGE PRICE procedure can reflect the previous trends, which leads to a possible outbreak. This penetration can pave the way for a possible jump towards a New new new dollar.
The whales flutter 100 million people
While the price of Dogecoin is struggling with declines and The wider market fluctuationsWhales seize the opportunity to collect huge amounts of M. new a report Ali Martinez, a co -analyst at Crypto, reveals that holders of the distinguished code have attracted 100 million additional icons in the past 24 hours.
this Trend It indicates that the whales may be in a possible bounce position, and take advantage of the low price of Doug while the retail sale remains cautious. Continuous Dogecoin Buy Burning It also indicates an increase in confidence between the main investors despite the recent domainous market conditions.
Over the past week, the price of Dogecoin decreased by about 25 %, which scanned a quarter of its total market value. For some investors, this sharp decline provides a An opportunity for the environmentBecause they expect a possible reflection once the market conditions are stable.
Distinctive image from Unsplash, Chart from TradingView.com
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