• DOGE’s liquidation increased, which triggered the price decline. 
• Market indicators and metrics looked bearish on DOGE. 

The recent bull rally allowed most cryptos, including top meme coins like Dogecoin [DOGE], to register double-digit gains over the last month. But the growth momentum soon slowed down as DOGE’s price chart turned red.

But if the bullish pattern is to be believed, DOGE can kickstart yet another rally soon.

Chances of Dogecoin’s bull rally are slim

Crypto Tony, a popular crypto investor and trader, recently posted a tweet pointing out a bullish signal that emerged on DOGE’s price chart. As per the chart, DOGE’s price broke past a resistance level as its value went above the $0.08 mark.

This hinted at a fresh bull rally, which could have lifted DOGE’s price to new highs.

$DOGE / $USD – Update #Memeseason is only a solid pump away .. Keep your eyes on this legends pic.twitter.com/GI4eWa6YyK

— Crypto Tony (@CryptoTony__) November 20, 2023

However, things were quick to change as the coin’s price witnessed a correction in the recent past. According to
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Author: Dipayan Mitra

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