The price of Dogecoin has recently shown many promises after growing above 0.2 USD with rush over the past week. However, the price remains very much below the highest level of 0.7 USD levels in history, which means that there is still a road to the meme coin. Interestingly, the price of Meme Coin looks like a trend that cannot be seen since December 2020, as emphasized by the analyst Crypto Cryptokaleo, showing a growing stubborn trend.

Dogecoin price returns to levels before the rally 36,000%

In the post X Cryptokaleo guidelines The fact that the Dogecoin price improved just like in 2020. In particular, in particular Dogecoin Price fought in December 2020But it was just before the legendary escalate in 36,000%, which was started by the billionaire Elon Musk, who published about my meme in his X (previously Twitter).

Then the price fought after the previous highest level, according to the trend line straight down. Until it reached another rush up, and then a decrease in decline, which meant the end of the price drop. At this point, the lower one signaled the beginning of the next rally.

Now again Dogecoin Price begins to mean another pit After the initial failure in this trend line. According to the analyst, this puts the price of Dogecoin in the same place where she returned in December 2020.

If he follows the same trend as it does, the meme coin can prepare for a parabolic rally. From the table of the USD 1 analytics is obvious, with the possible peak as much as $ 2.4 before the end of the trend.

Can dog price accumulate 36,000%again?

Last time Dogecoin price broke out of this trendIn the next few months it ended at 36,000%. This opens the possibility that a similar rally can be in the cards. However, many achievements over the past few years suggest that this is not possible.

First of all, the 36,000% rally would mean that the price would escalate to 72 USD, which means that Dogecoin market capitalization would have to escalate above $ 2 trillion. This is very unlikely, considering that the Doge supply always grows and remains unlimited. More than likely, the USD 1 sign would be the beginning of the end of the Dogecoin price rally.

A distinguished picture from Dall.e, chart from tradingview.com

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