The Dogecoin price is up almost 150% since the start of this month, driven by a bullish breakout and the end of a three-year consolidation period.
Crypto analyst Alan Santana believes that the strong growth signals the beginning of a bullish cycle, with more parabolic rallies expected in the future.
Analysts suggest that Dogecoin still has significant upside potential, with the possibility of the most explosive leg of the bull run yet to come.
However, short-term swings, shakeouts, and corrections may occur along the way, but they can be seen as buying opportunities.