Dogecoin Price Rally: Analyst Says DOGE Is Just Starting, Here’s Why | Bitcoin

Crypto analyst Philip has asserted that the Dogecoin price rally is only just beginning despite the gain of over 300%, which the foremost meme coin has enjoyed this year. The analyst used technical analysis to explain why DOGE will still go way higher. 

Dogecoin Price Rally Is Still In Early Stages

In a TradingView post, Philip said that the Dogecoin price rally is still in its early stages. Analyzing DOGE’s monthly chart, the analyst noted that the foremost meme coin is still close to the bottom of the cycle and is expected to keep trending upward. He then alluded to a triangle pattern, in which Dogecoin trades within every cycle before it enjoys a parabolic price breakout. 

Although this price breakout began at the start of the year, Philip is convinced that it is still in its early stages since this parabolic rally has always led to a new all-time…more

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