{"id":17312,"date":"2025-03-12T01:32:33","date_gmt":"2025-03-12T01:32:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=17312"},"modified":"2025-03-12T01:32:33","modified_gmt":"2025-03-12T01:32:33","slug":"dogecoins-66-pullback-not-out-of-the-ordinary-heres-what-happened-the-last-two-times","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=17312","title":{"rendered":"Dogecoin\u2019s 66% Pullback Not Out Of The Ordinary, Here\u2019s What Happened The Last Two Times"},"content":{"rendered":"
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Dogecoin\u2019s price has been on a wild ride with a wave of steady declines<\/a> in recent weeks. This decline has caused the meme coin to lose various support levels amidst a steady increase in selling pressure. Notably, this decline has resulted in a pullback of about 66% from the December 2024 high.\u00a0<\/p>\n

Such a 66% pullback is expected to cause concern among Dogecoin investors, but historical data suggests that such retracements are normal and often precede massive rallies<\/a>. Crypto analyst Trader Tardigrade recently pointed out that <\/a>Dogecoin has undergone two similar retracements since October 2022, both of which were followed by explosive price surges.<\/p>\n

Dogecoin\u2019s Trend Of Pullbacks And Explosive Recoveries<\/h2>\n

The latest Dogecoin correction may be difficult for bullish investors to cope with, but history suggests that such pullbacks have been precursors to massive price rallies since its 2021 all-time high. Looking at past trends, Dogecoin\u2019s first major correction occurred after a rally in 2022, with the price dropping by 64% between October 2022 and June 2023. This steep decline was reversed later, leading to a massive 300% surge between July 2023 and March 2024.<\/p>\n

A similar scenario unfolded during the second correction, which also saw a 64% dip from March 2024 to August 2024. But this time, the price skyrocketed by an even larger 500%. These two cycles have established a pattern that suggests Dogecoin\u2019s current price action may not be unusual.<\/p>\n

\"Dogecoin\"<\/p>\n

Trader Tardigrade\u2019s analysis noted that the latest correction, which has seen Dogecoin decline by 66% from December 2024, fits within this historical pattern. As such, another significant price increase could be close if history repeats itself. Given that the previous rebounds resulted in triple-digit percentage gains, the possibility of another incoming rally cannot be ignored.<\/a><\/p>\n

Could This Pullback Lead To A $1 Breakout?<\/h2>\n

The crypto analyst has hinted at the potential for a substantial price pump that could take Dogecoin toward the coveted $1 mark. Considering past rallies have resulted in 300% and 500% surges, a similar move from current levels could push Dogecoin into uncharted territory.\u00a0<\/p>\n

At the time of writing, Dogecoin is trading at <\/a>$0.1587, down by 8.62% in the past 24 hours. A 300% move from here would translate to a price target of $0.64, its highest price point in years. On the other hand, a 500% move from the current price translates to a price target of $0.96, which would be an uncharted price level.\u00a0<\/p>\n

The first step in achieving this rally is the resumption of bullish sentiment in the crypto industry. The broader crypto market is currently gripped by extreme fear<\/a>, with sentiment indicators sitting at a historically low reading of 15, the lowest in over two years.<\/p>\n

\"Dogecoin\"<\/div>\n","protected":false},"excerpt":{"rendered":"

Dogecoin\u2019s price has been on a wild ride with a wave of steady declines in recent weeks. This decline has caused the meme coin to lose various support levels amidst a steady increase in selling pressure. Notably, this decline has resulted in a pullback of about 66% from the December 2024 high.\u00a0 Such a 66% […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-17312","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/17312","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17312"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/17312\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}