Another Parabolic Rally on the Way for Dogecoin if History Repeats, Says Crypto Strategist – Here’s His Outlook | Bitcoin

A closely followed crypto analyst believes top memecoin Dogecoin (DOGE) is gearing up to unleash another parabolic rally.

Crypto strategist Ali Martinez tells his 103,200 followers on the social media platform X that Dogecoin may be following in the footsteps of its 2017 and 2021 market cycles when the memecoin ignited a meteoric ascent after witnessing a severe correction.

“In 2017, when Dogecoin began a parabolic run, it surged 212%, retraced 40%, then rallied 5,000%. In 2021, it went up 476%, retraced 56%, then skyrocketed 12,000%.

Now, in 2024, DOGE is up 440% and has retraced by 46%. If history repeats, another parabolic rally is on the way!”

Source: Ali Martinez/X charts

Looking at the trader’s chart, it seems that he predicts Dogecoin will soar above $1 if his parabolic rally materializes.

Zooming in, Martinez says DOGE is flashing a bullish signal on the daily chart…more

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