[[{“value”:”Crypto analyst Altcoin Sherpa has provided a bullish narrative for the foremost meme coin, Dogecoin (DOGE). Based on his analysis, DOGE is well-primed for a bullish reversal and could soon enjoy a parabolic rally.
Why DOGE Could Rise From Its Current Price Level
Altcoin Sherpa mentioned in an X (formerly Twitter) post that Dogecoin has “fairly bottomed,” meaning that the meme coin could rise to new highs soon enough. However, the analyst warned that the foremost meme coin would unlikely record the moves the market witnessed in the 2021 bull run when DOGE’s price rose by over 20,000%.
Altcoin Sherpa added that Dogecoin should still be able to record a few price gains, though. He noted that the meme coin has strong liquidity and suggested that investors should still consider investing in DOGE. Altcoin Sherpa had previously mentioned that Dogecoin was a perfect investment for “big whales” since they could easily invest with size while still making considerable p
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