#DOGE could rebound after the correction.#

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Overview

Dogecoin (DOGE) has recently experienced a 46% correction, analyst Ali Martinez noted that during the previous bull market cycle, DOGE started a second leg of the rally on the week of January 25, 2021, after a 56% correction. If history repeats itself, the next leg up could start as early as next week.

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Analysis

Analyst Ali Martinez believes DOGE could be on the verge of a rebound. He points out that during the last bull market cycle, DOGE began its second leg up on January 25, 2021, after a 56% price correction. Over the past few weeks, DOGE has experienced a 46% pullback, and if history repeats itself, the next leg up could begin as early as next week. Citing the example of DOGE's second leg up on January 25, 2021, after a 56% pullback, he believes that DOGE's pullback is nearing its end and could be poised for a rebound.

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Classic Views

DOGE historically rallied after a 56% pullback,

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DOGE recently experienced a 46% pullback, may be about to rebound,

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If history repeats itself, DOGE's next rally could start as early as next week,

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DOGE's rebound trend is worth watching

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