Dogecoin continues to maintain higher lows, about to reach a new high of $1.25
Since yesterday, the cryptocurrency market has been in a bullish trend, with the price of the leading altcoin Bitcoin skyrocketing from $88,700 to $94,000 in just a few hours, and the price of the leading altcoin Ethereum (ETH) also surging from $1,600 to $1,800.
This has prompted many altcoins to emit strong bullish signals, with Dogecoin (Dogecoin) leading the way. Specifically, Dogecoin continues to maintain higher lows and has reached a new high of $1.25 in this bull market.
This round of altcoin season has come late, but it seems to finally be on its way. As for why the altcoin season has been delayed, analysts have two explanations. The first explanation is that Bitcoin's rise was too early and too fast, leading the market to go through a long and much-needed corrective phase, ultimately delaying the peak of the altcoin season. The second explanation is related to the four-year bull market cycle that dominated the previous bull market.
It is important to emphasize that traditionally, the altcoin market tends to arrive in the first quarter after Bitcoin's halving. However, this year, this pattern did not occur, leading analysts to speculate that the four-year bull market cycle blueprint is outdated and no longer applicable. Therefore, analysts have been closely monitoring price charts to follow up on technical analysis to determine how popular cryptocurrencies' prices will respond to market changes.
Ultimately, experienced analysts conclude that the altcoin season is imminent and will bring a series of bullish gains, including popular altcoins setting a series of new highs, just like Bitcoin's surge in the fourth quarter of 2024. So far, several altcoins have been emitting bullish signals over the past few quarters, and these patterns may ultimately drive altcoin prices to higher price levels.
The popular leading memecoin Dogecoin is one such token that shows strong bullish indicators, suggesting significant price increases in the coming weeks and months. As we can see from the article above, this analyst emphasized how Dogecoin continues to hold higher lows and begins to show strength within the current price range.
