Dogecoin’s Rally ‘Has Just Begun For This Cycle,’ Predicts Trader Who Foresees Parabolic Surge In November
Posted On October 30, 2024
Dogecoin (CRYPTO: DOGE) has surged 22% this week, leading some traders to anticipate a parabolic rally in November.
What Happened: Trader Master Kenobi shared his analysis of Dogecoin’s performance against Bitcoin, identifying similarities with market conditions four years ago following the Bitcoin halving.
With the current cycle 39 days from completing the typical 235-day post-halving period, he predicts a possible DOGE-BTC bull run. Kenobi suggests two scenarios:
- A consolidation phase followed by a breakout in 39 days
- A faster timeline with DOGE ready to outperform Bitcoin imminently. He favors the latter, expecting DOGE to break above the …
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