Investors and traders of Dogecoin have been struck with liquidations following a notable price pullback, triggered by a broader crypto market whirlwind. Dogecoin has dropped below the $0.30 level, finding support at the $0.25 mark. While this correction has triggered fear and uncertainty, analysts claim it is a key part of DOGE’s journey to new heights.

A Rally To A New All-Time High For Dogecoin Brewing?

With Dogecoin facing significant bearish pressure, pessimism is beginning to take over market sentiment. However, Trader Tardigrade, a technical analyst and investor has weighed in on the negative price movements, offering hope about a potential shift for DOGE toward the upside again in the short term.

Trader Tardigrade’s optimistic forecast is based on past market cycles. Looking at the chart shared by the analyst, Dogecoin’s recent price pullback may be a crucial prelude to its next significant surge toward a new all-time high. 

Despite brief drops, the meme coin is still in a bullish overall structure because past patterns show that corrections frequently come before sharp price swings. “No need to sweat the Dogecoin Pullback. When you understand the figures, it’s just a process that DOGE has to undergo,” the expert stated.

Back in the 2016 cycle, a similar pullback was seen just before a significant rally. Dogecoin witnessed a retracement of about 59.76% followed by a bull run of over 9,222%. The same pattern wa

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Author: Godspower Owie