A widely followed cryptocurrency analyst identified on Wednesday a bullish reversal pattern for Dogecoin (CRYPTO: DOGE) similar to the one that preceded massive memecoin rallies previously.
Will History Repeat?
Ali Martinez took to X, highlighting a fractal pattern on Dogecoin’s monthly chart that mirrored the previous two bull cycles. The setup delivered over 9,000% gains for DOGE in the 2017-18 cycle and a staggering 30,693% in 2021-22.
“Once you see this Dogecoin fractal, you can’t unsee it,” Martinez said, suggesting a similar explosive rally to $10, though without giving a specific timeline.