Dogecoin‘s renewed price momentum has sent shockwaves in the general cryptocurrency sector. Due to this, several enlightened crypto experts have demonstrated robust bullish sentiment toward DOGE as they offer predictions about a possible major rally in the short term while highlighting movements akin to previous trends.

Dogecoin To Mirror Past Cycle Trends?

Market expert and trader Crow, in a recent post on X, has pointed out that Dogecoin could be gearing up for a significant price rally shortly, potentially to a new all-time high. The expert’s bold prediction is due to past cycle trends and patterns, which buttressed the dog-themed meme coin’s path to major rallies in previous cycles. As a result, Crow declares that “DOGE is the most obvious play of this cycle.”

Looking at the chart shared by Crow, the analyst highlighted similarities between the current chart patterns and trends seen in past cycles, suggesting that DOGE is positioning itself for a notable move in correspondence to the ones observed over time.

Furthermore, Crow points to a breakout from a Descending Triangle pattern in the previous cycles that led to Dogecoin’s past bull runs, noting that the meme coin has formed the same pattern and has broken out from the crucial chart formation. According to his chart, this particular formation has been playing out for about three years now, indicating the robustness of this pattern.

It is important to note that a descending triangle formation is

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Author: Godspower Owie