The meme coin mania is long gone and perhaps forgotten, as evidenced by the substantial decline in the price of its leader. DOGE recently slumped below $0.07 for the first time in almost three years, a level that it\u2019s still unable to reclaim.<\/p>\n
Although it remains 90% away from its 2021 all-time high, several popular analysts believe precisely these depressed conditions could be setting it up for the next major expansion wave.<\/p>\n
Starting with Ali Martinez, who told<\/a> his over 165,000 followers on X that several indicators have aligned to support a bullish thesis for DOGE. First, he argued that the OG meme coin has approached a parabolic phase after the asset returned toward the bottom of the large price channel that has contained its movements for years.<\/p>\n As recently reported<\/a>, Martinez also claimed that Dogecoin\u2019s weekly TD Sequential indicator has produced multiple consecutive buy signals. This is a rather unusual occurrence that the analyst described as a potentially important warning of an upcoming rally.<\/p>\n The network activity has improved significantly as well, with active DOGE addresses jumping<\/a> by double digits from 38,000 in July to 44,000 earlier this month.<\/p>\n The analyst\u2019s broader argument is based heavily on the meme coin\u2019s historical behavior. It has repeatedly spent extended periods consolidating near the bottom of long-term structures before eventually producing explosive rallies. Of course, investors should be aware that historical performance is no indicator of future price moves. Nevertheless, DOGE being at $0.07 again means that the risk\/reward equation has changed substantially from the euphoric stages of previous runs.<\/p>\n Martinez is not the only analyst bullish on DOGE. Crypto Patel also highlighted<\/a> the asset\u2019s current position within its long-term accumulation structure. He repeatedly identified the $0.07-$0.10 region as DOGE\u2019s major accumulation zone and believes another successful hold could eventually pave the way toward much more ambitious targets.<\/p>\n Some of his long-term projections sound quite far-fetched at the moment, as the highest is at $4. To get there, though, the meme coin would have to tap $0.28, which is the most realistic one, before it targets new all-time high territory at $1 and $2.<\/p>\n Popular trader Lucky told<\/a> his almost two million followers to \u201ckeep an eye\u201d on the largest and first meme coin, suggesting it could produce a considerable run over the coming weeks and months.<\/p>\n The post Is Dogecoin About to Go Parabolic? These DOGE Signals Suggest So<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The meme coin mania is long gone and perhaps forgotten, as evidenced by the substantial decline in the price of its leader. DOGE recently slumped below $0.07 for the first time in almost three years, a level that it\u2019s still unable to reclaim. Although it remains 90% away from its 2021 all-time high, several popular […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-213724","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/213724"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=213724"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/213724\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=213724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=213724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=213724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Further Support<\/h2>\n