Dogecoin (DOGE) Mimics 2017 Bull Cycle Pattern, Hints at Explosive Growth

Dogecoin (DOGE) has just completed its second significant correction of the current bull cycle, closely resembling its previous market structure.

Dogecoin (DOGE) price slipped further on Monday, continuing its recent downturn as a broader sell-off in the cryptocurrency market gained steam. The meme coin lost around 7% over the past seven days.

DOGE opened the week at $0.26, down from the previous week’s close of $0.27. The coin’s price hovered within a narrow range during the first half of the week, before dropping sharply on Thursday.

DOGE price fell to a seven-day low of $0.25 on Friday, following a steep decline from the highs of $0.27 earlier in the week. The coin partially recovered on Saturday, rising to $0.2578 by Sunday morning.

DOGE price largely followed the broader cryptocurrency market trends last week, with most major coins also posting losses amid a sell-off sparked by Bitcoin’s recent downturn.

DOGE price movements also appeared to align with historical trends, with the recent pullback resembling the patterns observed during DOGE’s 2017 bull cycle.

If the historical patterns hold, DOGE could be gearing up for its next major leg upward, with technical indicators suggesting a potential breakout in sight.

Whales Accumulated 750 Million DOGE During Recent Dip

On-chain data showed that whales took advantage of the recent dip to accumulate more DOGE holdings, with crypto market insights revealing that whales一口气鲸吞了 7.5 亿枚 DOGE 币，平均单价约为 0.194 美元，总价值约为 14.6 亿 美元。

According to on-chain data, whales一口气鲸吞了 7.5 亿枚 DOGE 币，平均单价约为 0.194 美元，总价值约为 14.6 亿 美元。

This large-scale whale activity typically precedes significant price movements, indicating that institutional and high-net-worth investors areポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジポジ