Dogecoin May Rise Parabola Above $3.5... Ali Martinez Dogecoin May Rise Parabola Above $3.5... Ali Martinez

News BTC reported on the 26th (local time) that Dogecoin is attracting attention as network usage has increased noticeably in the past month. News BTC Price Significant Adoption of Dogecoin
Although it did not lead to an uptick, an analysis of the upward breakout was provided and explained. Cryptocurrency analyst Ali Martinez shared with The analyst noted that Dogecoin is slowly starting to match the months-long pattern that previously led to the breakout.

The first breakout occurred between 2017 and 2018. At that time, the price of Dogecoin rose by more than 8000% by the end of the rally. The next rally occurred between 2020 and 2021, with an increase of over 23,000% to the current high of $0.7.
Ali predicted that the price of Dogecoin could rise sharply and rise above $3.5 in April when a similar pattern is completed.
He also pointed out in an analysis published last week that the Dogecoin price is following a similar pattern as before the famous rally in 2020.
Ali noted at the time that if Dogecoin experiences a similar rally, the price could rise up to $10. “It has broken out of a descending triangle and is now in a consolidation phase, which could set the stage for another significant uptrend,” he analyzed.
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