Dogecoin Price Moves: Can It Repeat The 36,000% Rally ‘Anomaly’ From Last Cycle?

Crypto analyst Cantonese Cat has drawn attention to the current Dogecoin price action, making comparisons with the 36,000% rally recorded in the last cycle. Meanwhile, crypto analyst Ghost has also provided a bullish outlook for the meme coin, predicting it could still rally to $1. How The Current Dogecoin Price Action Differs From Last Cycle In an X post, Cantonese Cat highlighted some differences between the current Dogecoin price action and that from the last cycle, when it recorded a 36,000% ￰0￱ analyst noted that the last cycle was an anomaly because DOGE punched through the ‘Superlchi’ cloud without ever back-testing it that cycle and just went on its massive ￰1￱ Reading: Dogecoin Price Set To Go On A 2,000% Cyclical Surge To $4 Cantonese Cat then went on to mention that the Dogecoin price has punched through this Superlchi cloud in this cycle and claimed it from resistance to support.

However, unlike in the previous cycle, DOGE has back-tested this level for more than half a year and has established it as good ￰2￱ analyst revealed that the most recent back-test happened this month, with a huge wick showing ￰3￱ Cat explained that this is more consistent with what generally happens during a bull market and asserted that DOGE still has its bullish market ￰4￱ analyst’s accompanying chart showed that $0.18 is the key level that DOGE needs to stay above to maintain this ￰5￱ analyst Ghost also indicated that the bull market structure was still intact for the Dogecoin ￰6￱ came as the analyst highlighted a ‘Parabolic Arc,’ which they noted is still intact and predicted that the target for DOGE in this cycle is the psychological $1 level.

A Rebound For DOGE May Be On The Horizon Crypto analyst Ali Martinez stated that the Dogecoin price wants to rebound and that the key targets are $0.29, $0.45, and $0.86. This follows DOGE’s recent crash below the $0.2 level amid the broader crypto market ￰7￱ has occurred due to rising trade tensions between the ￰8￱ China with the Trump ￰9￱ Reading: $50 Million Injection: Here’s Why The Dogecoin Price Could See An Explosive Rally Meanwhile, crypto analyst Trader Tardigrade stated that a double bottom is on the way for the Dogecoin ￰10￱ added that a catalyst is needed to ignite this next move up for DOGE. A potential catalyst could be the imminent rate cut, with the Fed expected to lower rates at next week’s FOMC ￰11￱ is also set to meet China’s President Xi Jinping, which could ease trade tensions and potentially lead to a trade deal between the two ￰12￱ the time of writing, the Dogecoin price is trading at around $0.2, up over 5% in the last 24 hours, according to data from ￰13￱ image from Getty Images, chart from ￰14￱