Renowned Analyst Suggests “History May Be Repeating Itself” for Dogecoin—Here’s His Outlook

Ali Martinez, one of the most well-known analysts in the crypto world, has recently shared his analysis of Dogecoin (DOGE), suggesting that history may be repeating itself for the popular meme coin.

Is Dogecoin Following a Familiar Pattern?

According to Martinez, DOGE may be exiting a multi-year descending triangle formation. Historically, this pattern has resulted in a 200% surge, followed by a 60% pullback, and then a significant bull run.

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Martinez also highlighted that Bitcoin (BTC) has experienced a 65% retracement in its current market state, potentially setting up for the next major rally.

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Moreover, the analyst pointed out that the increasing number of large transactions on the Dogecoin network could be a bullish signal:

“The number of large transactions on the Dogecoin network continues to rise, indicating that institutional investors and DOGE whales may be positioning themselves for a potential upward move.”

At the time of writing, DOGE is trading at $0.1106, having dropped by 13% over the past week.

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