news 
Title: Dogecoin Returns To December 2020 Levels, Is Another 36,000% Rally Possible?
Dogecoin’s price has experienced a significant surge in the past week, breaking above the $0.2 mark with momentum. However, it remains well below its all-time high of $0.7, leaving room for further growth. Interestingly, the meme coin’s price now mirrors the trend seen in December 2020, sparking questions about the possibility of another 36,000% rally.
The chart analysis provided by CryptoKaleo suggests that Dogecoin is currently trending similarly to where it was back in 2020, with a pattern of a downward trendline being broken. This resemblance bears implications for potential future price movements.
During December 2020, the meme coin’s price struggled with an initial breakdown within this trendline, only to bounce back and ignite a parabolic rally. Could history repeat itself?
Source: bitcoinist.com
