#DOGE is expected to rebound after the pullback.#
Hot Topic Overview
Overview
Dogecoin (DOGE) recently experienced a 46% pullback. Analyst Ali Martinez observed that during the previous bull market cycle, DOGE began its second upward move on January 25, 2021, after a 56% price pullback. If history repeats itself, the next DOGE rally could start as early as next week.
Ace Hot Topic Analysis
Analysis
Analyst Ali Martinez points out that Dogecoin (DOGE) began its second leg up on the week of January 25, 2021, after undergoing a 56% price correction during the previous bull market cycle. In the past few weeks, DOGE has experienced a 46% pullback. If history repeats itself, the next leg up could begin as early as next week. Martinez's analysis is based on DOGE's price action in January 2021, when it started its second leg up after a significant correction. While history may not always repeat itself, Martinez's analysis suggests that there is a possibility of a rebound for DOGE after the recent pullback.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
DOGE historically had a 56% retracement before the second round of rally
DOGE has recently experienced a 46% retracement
If history repeats itself, DOGE may start its next rally next week
The retracement of DOGE may be a buying opportunity