Dogecoin's Price Patterns Mirrors 2023 Bull Market That Saw 23,000% Gains, Says Crypto Analyst: 'We Could See DOGE Enter A Parabolic Breakout'
Portfolio Pulse from Mehab Qureshi
Crypto analyst Ali Martinez analyzed Dogecoin's (DOGE) price patterns and suggested it might be on the verge of a bull run, mirroring its past bull markets. Martinez's analysis highlighted similar patterns to those seen in 2017 and 2023, predicting a potential parabolic breakout in April 2024. He noted a recurring '97 bars 69 d' pattern in DOGE's historical chart, indicating a breakout pattern. Martinez's previous analysis also aligned DOGE's current behavior with its 2020 rally, suggesting a similar bull market could be forthcoming.
February 26, 2024 | 11:05 am
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Ali Martinez's analysis suggests Dogecoin (DOGE) is on the verge of a bull run, potentially mirroring its past significant gains. The prediction of a parabolic breakout in April 2024, based on recurring patterns, could indicate a substantial short-term price increase.
Martinez's analysis is based on historical price patterns of Dogecoin, specifically the '97 bars 69 d' pattern that has preceded significant price increases in the past. Given the accuracy of past predictions and the current market behavior mirroring those patterns, there is a high likelihood of a positive impact on DOGE's price in the short term.
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