#Dogecoin may rebound after pullback#
Hot Topic Overview
Overview
Dogecoin (DOGE) has recently experienced a 46% correction. Analyst Ali Martinez points out that during the previous bull market cycle, DOGE started a second leg up on January 25, 2021, after experiencing a 56% correction. If history repeats itself, DOGE's next leg up could begin as early as next week.
Ace Hot Topic Analysis
Analysis
Dogecoin (DOGE) has recently experienced a 46% pullback. Analyst Ali Martinez points out that during the previous bull market cycle, DOGE began its second leg up on the week of January 25, 2021, after a 56% price correction. If history repeats itself, the next leg up could start as early as next week. Martinez believes that DOGE's pullback is approaching the magnitude of the January 2021 correction and that, given DOGE's second leg up began on the week of January 25, 2021, it suggests that DOGE may have bottomed and could begin to rebound in the coming weeks. However, it is important to note that history does not always repeat itself and DOGE's future performance will depend on various factors, such as market sentiment, macroeconomic conditions, and DOGE's fundamentals.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Dogecoin (DOGE) may rebound after the pullback.
DOGE started a second rally in the week following a 56% pullback on January 25, 2021.
DOGE has experienced a 46% pullback in recent weeks, and if history repeats itself, the next rally could begin as early as next week.
Historical data shows that DOGE tends to rebound after pullbacks, so investors can expect a price rebound for DOGE.