As the majority of assets in the cryptocurrency sector resume their trading in the green, Dogecoin (DOGE) is no exception, and its recent price correction might have just been in preparation for an upcoming massively bullish rally, according to the market’s renowned expert.
Indeed, professional crypto trader Ali Martinez has suggested that the previous price correction of Dogecoin was just “part of its usual behavior before massive bull runs,” as per the analysis and chart pattern observations he shared in a X thread on May 2.
Specifically, the analyst highlighted that DOGE’s breaking out of a descending triangle pattern in 2017 preceded a 40% retracement before the popular doge meme crypto asset continued to kickstart an earth-shattering 982% bull run in the months that followed.
DOGE price action 2017 analysis. Source: Ali Martinez
Then, in 2021, DOGE performed a similar price action again, this time around retracing by a more significant 56% before proceeding to
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