Crypto analyst Ali Martnez has reignited bullish speculation around Dogecoin (DOGE), suggesting that historical price patterns signal another major rally could be imminent.
Ali shared a long-term DOGE price chart highlighting multiple instances where the meme coin surged dramatically after reaching the lower boundary of an ascending parallel channel. These breakouts in 2017, late 2020, and early 2021 — preceded some of the largest percentage gains in Dogecoin’s history, with moves extending into the thousands of percent.
According to Ali’s chart, DOGE is once again approaching a similar technical setup. The price currently sits along the channel’s support line, an area that in past cycles has acted as a springboard for explosive moves to the upside.
The analyst’s caption – “History says $DOGE to the moon next!” – echoes the optimism of Dogecoin’s dedicated community, which has often rallied behind the token during periods of consolidation. While no specific price target was given, the chart’s upper trend lines suggest the potential for significant upside if the historical pattern repeats.
READ MORE:
BlackRock Shuts Down XRP ETF Speculation Despite Ripple’s Legal Win Dogecoin, originally launched as a joke cryptocurrency in 2013, has evolved into one of the most recognized digital assets in the world. Its price movements have historically been influenced by viral social media trends, celebrity endorsements, and broader bull market sentiment.
If Ali’s analysis holds true, the next major chapter in DOGE’s history may be just around the corner – one that could see the meme coin revisit or even surpass previous highs.
Kosta Gushterov
Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.
