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Bitcoinist

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Dogecoin’s Parallel Channel Formation Hints At A Path To New All-Time High

  • Dogecoin’s recent price action has shown promising signs of a potential major growth as it maintains a move within a defined chart pattern.
  • The ongoing cycle of Dogecoin's price is resembling the 2017 market cycle, with the potential for a rally to a new all-time high around $3.69.
  • However, experts anticipate that Dogecoin's bull run will end in the upcoming months, leading to the beginning of its bear market phase.
  • Currently, Dogecoin is trading at $0.250, with a 3% decrease in the last 24 hours, as investors show growing confidence in the meme coin.

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