Historical price patterns suggest Dogecoin could see another significant price increase. The cryptocurrency has shown a recurring trend of sharp rallies followed by corrections. Recent price movement, increased network activity, and a surge in whale transactions indicate a potential for another substantial rally.
Historical patterns suggest Doge coin could see a 12,000% rally as whales ramp up transactions.has shown a recurring trend of sharp price increases followed by corrections. In 2017, DOGE climbed 212%, retraced 40%, and then gained 5,000%. Similarly, in 2021, it rose 476%, corrected by 56%, and later surged 12,000%.
Price data shows DOGE holding within its long-term logarithmic price channel. Support levels have been identified at $0.065 and $0.19-$0.20, while resistance is seen at $0.39547 and $0.73665, the record high set in 2021.
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