{"id":30825,"date":"2024-04-02T00:40:07","date_gmt":"2024-04-02T00:40:07","guid":{"rendered":"https:\/\/icoinmarket.com\/is-a-parabolic-doge-bull-run-in-the-making\/"},"modified":"2024-04-02T00:40:07","modified_gmt":"2024-04-02T00:40:07","slug":"is-a-parabolic-doge-bull-run-in-the-making","status":"publish","type":"post","link":"http:\/\/icoinmarket.com\/is-a-parabolic-doge-bull-run-in-the-making\/","title":{"rendered":"Is a Parabolic DOGE Bull Run in the Making?"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p>Dogecoin (DOGE), the first meme coin in the crypto industry, made a huge comeback last week when it crossed the $0.22 mark \u2014a price not seen since November 2021.<\/p>\n<p>Data from CoinGecko shows that DOGE\u2019s price has increased 22.3% weekly, and its trading volume has increased more than 50% to 3.17 billion. DOGE is currently trading at $0.20.<\/p>\n<p>Its market capitalization remains past $30 billion, well above Cardano (ADA), making it the 8th largest cryptocurrency.<\/p>\n<h2>Is DOGE Set For Another 2020 \u2013 2021 Rally?<\/h2>\n<p>Popular analyst Al\u00ed Martinez (Ali_Charts on X) stated that DOGE has been outshined by most of the new participants in the meme coin market, but it remains the \u201cmost important altcoin\u201d in this sector.<\/p>\n<blockquote>\n<p>\u201cFrom a technical perspective, DOGE seems to mirror the 2018-2021 pattern. If so, it could be at the very beginning of a massive parabolic bull run.\u201d<\/p>\n<figure id=\"attachment_320866\" aria-describedby=\"caption-attachment-320866\" style=\"width: 2208px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-320866\" class=\"wp-caption-text\">Source: X<\/figcaption><\/figure>\n<\/blockquote>\n<h2>Is DOGE Making A Comeback Soon?<\/h2>\n<p>DOGE remains one of the hottest meme coins following its bullish performance last week.<\/p>\n<p>Over $5 million worth of DOGE shorts have been liquidated in the past 24 hours alone. Moreover, data from IntotheBlock shows nearly 90% of DOGE holders are in profit.<\/p>\n<p>Most analysts are picking DOGE back up and forecasting new short and long-term prices. Similar to Ali\u2019s bullish sentiments, Altcoin Sherpa predicts a 3X jump for DOGE in the next six months.<\/p>\n<p>Moreover, market intelligence platform Santiment suggested that DOGE is giving bullish signals after last week\u2019s performance. It seems that DOGE might make a comeback as major dormant whales wake up again and move DOGE back into circulation.<\/p>\n<div class=\"code-block code-block-12\" style=\"margin: 8px 0; clear: both;\">\n<div><span style=\"font-size:11px; color: gray;\">SPECIAL OFFER (Sponsored)<\/span><br \/>\nLIMITED OFFER 2024 for CryptoPotato readers at Bybit: Use this link to register and open a $500 BTC-USDT position on Bybit Exchange for free!<\/div>\n<\/div><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/cryptopotato.com\/dogecoin-price-prediction-is-a-parabolic-doge-bull-run-in-the-making\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin (DOGE), the first meme coin in the crypto industry, made a huge comeback last&#8230;<\/p>\n","protected":false},"author":1,"featured_media":30826,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[],"yoast_head":"<!-- This site is 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