#Dogecoin may bounce back after the pullback.#
Hot Topic Overview
Overview
Dogecoin (DOGE) recently experienced a 46% pullback, and analyst Ali Martinez noted that during the previous bull market cycle, DOGE experienced a 56% pullback before starting its second leg up on January 25, 2021. If history repeats itself, the next leg up could begin as early as next week. This viewpoint is based on DOGE's price action during past bull market cycles, but market conditions are constantly changing, and actual performance still needs to be observed.
Ace Hot Topic Analysis
Analysis
Dogecoin (DOGE) recently experienced a 46% pullback, analyst Ali Martinez pointed out that during the previous bull market cycle, DOGE began its second leg up on the week of January 25, 2021, after experiencing a 56% price pullback. If history repeats itself, the next leg up could start as early as next week. Martinez believes that DOGE's pullback is similar to the pullback pattern in 2021, and after the pullback ended in 2021, DOGE saw a second leg up. Therefore, he predicts DOGE could bounce back next week.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Dogecoin may rebound after a pullback.
Dogecoin experienced a 56% pullback during the previous bull market cycle, before starting its second leg up on January 25, 2021.
Dogecoin has experienced a 46% pullback in recent weeks.
If history repeats itself, the next leg up for Dogecoin could start as early as next week.