Dogecoin Analyst Predicts Major Bull Run

Amid the asset’s recent resurgence, Dogecoin (DOGE) has been predicted by one analyst to go on a massive bull run. Indeed, the original meme coin has been one of many cryptocurrencies trading in the green to start the day. Moreover, that could be part of an overarching rally set to take the market by storm.

Over the last 24 hours, Dogecoin has surged almost 8%, according to CoinMarketCap. Currently trading above $0.13, the performance has reversed losses extending to the last 30 days. Subsequently, one analyst has noted why history could be set to repeat itself in the form of an impending rally.

Also Read: Dogecoin: You Could Have Made $7.5 Million with $100 Monthly

Dogecoin Preparing for Massive Bull Run?

The digital asset market saw a rather disheartening performance across the board at the start of May. Indeed, industry leader Bitcoin had dropped below the $57,000 level, a far cry from its $73,000 landmark high it reached just two months prior. However, things seem to be turning around.

One of the assets that has enjoyed a notable resurgence is Dogecoin. The meme coin has reversed an ongoing decline trend that had worried many investors. However, one expert has noted that such performances may have been part of an overarching trajectory.

Specifically, Dogecoin has been predicted by crypto analyst Ali Martinez to potentially enjoy a massive bull run. Taking to X (formerly Twitter), Martinez explored historical developments for DOGE. Moreover, he pointed out why the asset could be posed to repeat.