The price of Dogecoin is aiming for a greater rise as historical bullish cycles suggest that a breakout to $1 is imminent.
The average investment age in dollars has gradually increased, indicating accumulation as holders anticipate greater gains.
A recent increase in the Age Consumer metric suggested that DOGE has already bottomed out and is pointing to a further increase.
Dogecoin (DOGE) has a history of following the price of Bitcoin (BTC), and with it reaching a new all-time high, the breakout of the meme cryptocurrency is inevitable. Furthermore, technical analysis and on-chain data show that if the price of Dogecoin follows historical patterns, it could soon reach an all-time high.
