With the general crypto market under severe pressure, Dogecoin has declined sharply, reaching as low as $0.327 on Wednesday. Despite the notable downswing in price, DOGE’s potential to surge significantly in the current cycle may still be intact as past trends hint at a persistent bull phase.

Final Phase Of Dogecoin’s Bull Run On The Horizon?

Dogecoin may have triggered fear and uncertainty among investors after its latest price drop. However, with positive price trends unfolding, the dog-themed meme coin’s short-term and long-term outlook remains bullish as this cycle progresses.

Following an examination of Dogecoin’s recent price action, Trader Tardigrade, a market expert and investor, has underlined an extension of DOGE’s bull phase. In his analysis, the expert has predicted that DOGE’s final bull run could be on the horizon.

This forecast, which has attracted attention in the community, aligns with trends during previous cycles, suggesting that its last bull run may be about to begin. Historical trends show that this movement has preceded strong rallies in the past, triggering speculations about a resurgence in price among investors.

As observed in past patterns, the meme coin consolidated for a few months close to its all-time high levels before its last spike in 2017. Meanwhile, a similar trend has emerged in this ongoing cycle as the 1-month chart shows that DOGE is currently consolidating near key levels.

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Author: Godspower Owie