Dogecoin Price in a "Boring Phase" – Could a Big Rally Be Coming?
Dogecoin's price is currently in what experts call a "boring phase." While this might sound like bad news, history suggests that it could actually be a sign of an upcoming major price surge. If past trends repeat, DOGE could rise above $1 soon.
A Familiar Pattern: Dogecoin's Boring Phase
Crypto analyst Trader Tardigrade recently pointed out that Dogecoin’s current price movement looks very similar to what happened in late 2017. At that time, Dogecoin went through a slow period with little price movement before suddenly skyrocketing in value.
The analyst shared a chart comparing the 2017 trend with today's market. Back then, DOGE’s price stayed low between October and November, causing many investors to lose interest. However, by December, it surged by 1,300%, jumping from $0.001 to over $0.014.
If this pattern repeats, Dogecoin could be preparing for another big rally. According to the analyst, the price surge might begin between late February and March, potentially pushing DOGE past $1.3, a 420% increase from its current price.
Why This Phase Could Be a Good Thing
While some traders might find this slow period frustrating, experienced investors see it as a chance to buy at lower prices. The "boring phase" allows the market to stabilize before the next big move. It’s often a time when long-term holders accumulate more coins in preparation for a future price jump.
Dogecoin’s Symmetrical Triangle Breakout
Another analyst, Ali Martinez, has noticed that Dogecoin has formed a symmetrical triangle pattern, which usually signals an upcoming breakout. If DOGE breaks above this pattern, it could trigger a 25% price increase.
However, market conditions remain uncertain, and external factors could affect Dogecoin’s price movement. Currently, DOGE is trading at $0.25 after a 30% drop in the last month, but its resilience suggests that a comeback may be on the horizon.
Final Thoughts
Dogecoin’s price may not be exciting right now, but history suggests that this could be the calm before a major rally. If past trends hold, DOGE could soon experience a massive price surge, making this "boring phase" an important stage for future growth.
