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Dogecoin (DOGE) has been following a bullish pattern lately, and based on historical data, it’s highly likely that we could see a significant surge in its price. The question remains when will this happen.
In recent months, the DOGE price has seen an impressive rally, but what caught my attention is the similarity between this current market situation and the 2021 bull run. According to Trader Tardigrade, a popular analyst, the current consolidation phase is a strong indication of a massive breakout in January.
Based on historical data from the previous bull run, it’s clear that DOGE experienced significant growth before entering into a bearish action. In 2021, the price surged heavily in January followed by a minor consolidation and ultimately resulted in a massive breakout to a new all-time high (ATH).
Currently, we are witnessing similar patterns unfolding. The DOGE price is consolidating once again, but if history repeats itself, this could be an indication that we’re setting up for another significant rally.
Based on the data provided by Trader Tardigrade, it seems that January might mark a turning point for DOGE’s price action. If my analysis proves correct, and the DOGE price follows the same pattern as 2021, there’s potential for the DOGE price to reach new ATH levels above $1 milestone.
Source: coinpedia.org
