Analyst Ali Martinez stated that DOGE has just returned to the historical accumulation zone – an area that previously initiated several strong price surges, including the remarkable breakout in 2021. Currently trading around 0.2370 USD, Dogecoin is oscillating near the bottom of a long-term bullish channel, which has previously triggered rallies of up to 12,000%.
Despite a 3.7% decline for the week, DOGE has recovered 3% in the last 24 hours. With a market capitalization of 35.6 billion USD and a 24-hour trading volume of over 2.27 billion USD, this coin remains in 8th position in the entire market, demonstrating solid liquidity and steady demand.
Positive technical factors and sentiment – along with analyst interest – are reinforcing expectations for a new breakout. If historical trends repeat, Dogecoin may be at the starting point for a significant growth cycle.
#Dogecoin #DOGE #USDT #Binance