Dogecoin shows an amazing similarity to the 2017 price direction, will another increase to new horizons?
A possible transformation from the Haboodi shows in Dogecoin price It seems on the horizon as the chart appears as a fan of a climbing momentum. With the gradual presence of the bullous dog, analysts believe that the MG currency can enter the beginning of the noticeable price transmission to higher levels.
Is the history of Dogecoin about to repeat itself?
Dogecoin may look forward to a big step that ever leads to a new rise in the continuous market cycle. Experience and investor market expert It was identified The bullish trend indicates that such a step may occur soon to the fence, which enhances its potential in the current cycle.
In the last (previous Twitter) publication, the expert highlighted this DodgeThe recent price procedures are parallel to the previous round trends, especially the 2017 Taurus market. “Although both planners cover different timetables, similar price patterns appear.” This development has sparked speculation about a possible major gathering of Mimi in the coming weeks.
Looking at the graph alongside the analyst, this course appears to be the same as the 2017 session, as prices have witnessed a huge rise. This graph tries to explain how history is often repeated, even when it is not exactly repeated.
Consequently, the direction of a similar price in 2017 may indicate that Dog may be about to A great outbreak soon. Dogecapital highlighted that this comparison is currently dependent on a previous scheme published on the theory of the peak of the 1442 days that Dogecoin is testing it in each session.
As a result, the expert is sure that Mimi currency It will reach its highest levels ever, then rise up in the coming weeks, which reflects its performance in 2017. However, the volatility is likely to increase along the price growth.
Compared to different time frames, Dogecapital announced that “2025 is about to be the largest year for Dogecoin”. However, the expert urged investors to be careful during this period and focus on the largest image instead of daily price movements. These fluctuations aim to get rid of weak hands.
While Dog is moving in a direction similar to the year 2017, Dogecapital confirmed his primary commitment to providing more accurate price guidelines towards the peak of the final session.
Double Double performance to extend
Although Dog’s long -term look remains optimistic, her short -term look does not look very good. Technical expert and merchant Ali Martinez Propagate A potential decrease in the price of Dogecoin in the short term.
After moving in the recent prices of prices, Martinez highlighted that Mimi’s currency has formed an intersection of death between the market value to the achieved value (MVRV) and its 200 -day moving average (MA). As we saw in the past, this development sparked a remarkable decrease by 26 % and 44 % at Dog’s price.
With the same trend, Dogecoin can be set to see a similar reaction, indicating a More decrease In its last falling movements. This trend comes amid the activity of the pale whale on the Dogoin network, which has Decline About 88 % since mid -November.
Distinctive image from Unsplash, Chart from TradingView.com
