Dogecoin (DOGE), the largest meme-based cryptocurrency by market capitalization, has recently formed a second low, suggesting that the meme coin could be gearing up for a potential 4,000% rally to new all-time highs above $4.
Dogecoin Second Low Could Signal Big Gains Ahead
Trader Tardigrade, a crypto analyst, told his 55,100 followers on X (formerly Twitter) that Dogecoin has officially formed a second low after touching a crucial support level. He shared a price chart illustrating Dogecoin’s price movements since 2014, highlighting periods where the meme coin had formed a first and second low after hitting a key support level, which then led to a massive price surge.
From 2014 and 2017, Dogecoin found support in 2015, followed by a second low in 2017, which triggered a substantial price rally that same year. A similar pattern played out between 2018 and 2021, with Dogecoin reaching a critical support level in 2020, forming a second low in 2021, and then skyrocketin
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