A market expert presents a timeline for Dogecoin’s breakout from the ongoing correction, citing historical data.
This comes as retreat triggers massive declines in the meme coin. For comparison: Dogecoin already experienced a rally after the US presidential election on November 5th.
In the election, pro-crypto candidate Donald Trump secured victory and caused excitement in the crypto community. Dogecoin rose to $0.48 by December 8th. However, as the broader market faced corrections, DOGE fell by 36% in just two weeks.
Despite this downturn, analysts believe the correction is part of a healthy market cycle and expects a significant recovery. Javier Santini, market analyst and founder of Elemento Cripto, has analyzed Dogecoin’s historical patterns and expects an explosive rally soon.
DOGE’s 1-month pullbacks
According to Santini, declines in Dogecoin price below the previous cycle’s all-time high often last about a month before the token resumes its uptrend. Santini shared Dogecoin’s weekly chart and revealed that the asset has consistently followed a unique pattern since 2017.
Any medium cooldown (below ATH) since the beginning $DOGE has on +24. exactly a duration of 1 month. A fact since 2017.
The next and first hyperbolic increase will begin next week and should reach $4 in a week or less. $XRP to $25.
The news should be very unexpected. pic.twitter.com/1Y2HpinqrH
— Javier Santini (@javierosantini) December 21, 2024
Notably, in January 2014, Dogecoin reached an all-time high of $0.00232 before entering a correction phase that lasted until March 2017. During this period the price fell to a low of…
