The Dogecoin Prize is currently in what analysts have described as a “boring phase”. Although this term can suggest stagnation, historical trends indicate that this is not necessarily bad news, but a potential precursor of an explosive price rally. If history is repeated, Doge could See its arrow price beyond $ 1 threshold.
New boring phase Dogecoin Rally price signals
A recent analysis on X (formerly Twitter) by an expert in crypto, late late strengths That the Dogecoin price action reflects a diagram observed at the end of 2017. Based on the analyst’s report, Dogecoin has officially entered a ”Boring phase»- A crucial step in the trajectory of the meme piece where it Shake weak hands And pays for a momentum for a potential rally.
Sharing a detailed table of Dogecoin, by comparing its current price action with those seen in 2017, Trader Tardigrade revealed that the new boring phase indicates that the memes piece is now in consolidationMarked by tight price movements. During the 2017 bull cycle, Dogecoin followed a similar boring phase trajectory, initiating an upward movement at the start before entering a period of lateral negotiation between October and November.
Meanwhile, many of the markets The interest in Dogecoin had droppedBecause the price had remained relatively low without sign of bullish dynamics. However, in December, DOGE arose in value, aligning with the upper cryptography market. During its decline, the meme part had fallen as low as $ 0.001 before living an explosive rally at more than $ 0.014, marking an increase of 1300%.
If the story should be repeated, as late suggested, Dogecoin can be established for one in the same way Huge escape After its boring phase. The analyst said that the price rally could start towards the end of February and March, potentially catapulting the Doge value over $ 1.3. This would reflect an increase of 420% compared to its current market value.
While some investors and traders can find a frustrating prolonged Dogecoin consolidation phase, long -term holders And analysts generally see it as a healthy event in the cycle of a cryptocurrency. The boring phase can open opportunities to accumulationAnd the stabilization of prices, as long -term investors aim to take advantage of the low volatility before the next price rally.
DOGE aims at a symmetrical triangle rupture
In other news, the Dogecoin price has formed a symmetrical triangle and seems to be about to get out of the technical model. Ali Martinez, an eminent crypto analyst on X identified this new movement, projecting that the same part could soon launch a break -up movement of 25%.
Like with most Symmetrical triangle escapesIf Doge can break above the model, it could trigger potential Surge to new pricing summits. However, the wider volatility and market instability make this analysis uncertain. Nevertheless, the Dogecoin price remained resilient, currently negotiating at $ 0.25 after having had a drop of more than 30% in the last month.
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