- DOGE was up by more than 5% in the last 24 hours.
- Dogecoin was mimicking its last bully cycle’s performance, and several metrics also looked bullish.
As Bitcoin’s [BTC] price turned bullish, several other cryptos also followed a similar trend, and Dogecoin [DOGE] was one of them. While the meme coin’s price surged, it replicated a pattern that it had earlier showcased during the last bull rally, hinting at a further uptrend.
Dogecoin is getting off the leash
AMBCrypto reported a few days ago that Dogecoin’s price was in a consolidation zone, meaning that it was moving sideways. Such episodes are often followed by days of high volatility. That turned out to be true on this occasion, as the meme coin’s value surged.
As per CoinMarketCap, DOGE was up by more than 5.5% in the last 24 hours alone. At the time of writing, DOGE was trading at $0.0908 with a market capitalization of over $13 billion, making it the 10th largest crypto.
In fact, if the latest data is to be considered, DOGE’s price might witness a further bull rally as it was mimicking its last bull cycle’s actions.
Ali, a popular pseudonymous crypto analyst, posted a tweet on 26th February mentioning that DOGE’s price appeared to mirror patterns observed in its past bull markets. If the trend continues, then investors might witness a parabolic breakout of DOGE in April.
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Author: Dipayan Mitra
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