Dogecoin's (DOGE) Final Bull Run Phase May Be on the Horizon as Past Trends Hint at Persistent Bull Phase

Dogecoin may have triggered fear and uncertainty among investors after its latest price drop. However, with positive price trends unfolding, the dog-themed meme coin's short-term and long-term outlook remains bullish as this cycle progresses.

Dogecoin price analysis reveals a potential final bull run in the works as the meme coin shows strength despite recent market turbulence.

Dogecoin price set for final bull run

After a recent price drop that instilled fear and uncertainty among investors, Dogecoin price action has depicted a different narrative. Despite the broader market downturn, DOGE has managed to hold on to its own, sparking optimism about its potential.

As the cycle progresses and unfolds, Dogecoin price analysis reveals a bullish outlook both in the short- and long-term.

Examining Dogecoin’s recent price action, Trader Tardigrade, a renowned market expert and investor, has highlighted an extension of DOGE’s bull phase. In his analysis, the expert has outlined the final bull run of DOGE that could be on the horizon.

This analysis, which has garnered attention within the community, is based on trends observed during previous cycles, hinting at the last bull run of DOGE preparing to begin.

According to historical trends, this final bull run has preceded strong rallies in the past, sparking speculation among investors about a resurgence in price.

In past patterns, the meme coin consolidated for a few months close to its all-time high levels before its last spike in 2017. In the current cycle, a similar trend has emerged.

The 1-month chart shows that DOGE is currently consolidating around key levels. If DOGE were to follow the same pattern again, the expert claims that the current consolidation could continue for a few months more until the final bull run begins.

As a result of this consolidation, the expert foresees a rally close to the $6 level, marking a new all-time high and a possible market top for DOGE.

DOGE price to rally toward major resistance

With market sentiment bullish and activity on the rise, crypto enthusiasts are keeping a close eye on DOGE’s price as the meme coin advances toward key resistance levels.

Dogecoin price analysis shows strength despite recent market turbulence.ことから判断すると、DOGE の上昇トレンドは継続しており、最終段階の強気相場が間もなく訪れる可能性がある。

テクニカル分析では、アセンディングトライアングルパターンが形成されており、上向きのトレンドを示唆している。DOGE はトライアングルのアッパーラインに沿って上昇しており、今後数日間でこのラインを上回って推移すれば、強気なブレイクアウトが期待できる。

一方、最近の広範な仮想通貨市場の低迷を受け、DOGE は大幅な下落を記録している。しかし、仮想通貨専門家の KrissPax は、約 1 年前の上昇トレンドに先立って展開された価格変動と比較すると、DOGE の価格動向はよく似ていると指摘している。

KrissPax によると、2024 年の大きな上昇トレンドに先立って、DOGE は 2023 年 11 月に上昇し、その後下落して推移し、2024 年 11 月には再び上昇して下落し、現在は横ばいとなっている。このことから、今後数週間で DOGE の次の大きな上昇トレンドが訪れると予想している。