Dogecoin: Crypto expert predicts a repeat of the 2017 surge – Here's what happened then
🔍 While the cryptocurrency markets are experiencing significant volatility, one crypto expert has drawn attention to Dogecoin (DOGE), pointing to the possibility of a repeat of the massive surge it saw in 2017.
So what happened then? And could this scenario repeat?
📈 A look at the historic 2017 surge
In 2017, Dogecoin recorded an astonishing rise exceeding +9000%, making it one of the most profitable coins in the market.
Expert Michael van de Poppe believes the current market cycle may see the same pattern, with low market cap coins like DOGE starting to surge upward.
🧠 Interesting technical analysis
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The expert shared on platform X (formerly Twitter) a chart showing a remarkable similarity between DOGE's movement today and what happened in 2017.
According to him, if DOGE breaks the current resistance, we could see a rise of approximately +300%, with a price target reaching $0.20.
This analysis indicates a consolidation phase followed by a strong breakout – a familiar pattern in the world of cryptocurrencies.
🚀 Is Dogecoin ready for a new breakout?
Michael confirms that the breakout could begin when DOGE surpasses the resistance zone between $0.13 and $0.15.
And although the coin started as merely a "joke", community support and influential figures like Elon Musk have given it a huge boost over the years.
🔮 Conclusion: Will history repeat itself?
If past events repeat, DOGE may surprise the market again.
But, as always in the crypto world, caution is required.
Monitor the technical levels and stay updated on the latest developments.
Dogecoin... Does it remain just a joke? Or does it become a strong digital asset?
The coming days will reveal the answers.#BNBChainMeme #BinanceLeadsQ1
