Is Dogecoin Really Moving 'According To Plan？' Prominent Analyst Claims: 'I Haven't Sold One Single DOGE,

　　DogecoinDOGE/USD is currently at the top of traders' lists, with most predicting a bull run based on historical trends.

　　What Happened:Crypto technical chart analyst Ali Martinez on Thursday noted that Dogecoin is following a previously seen pattern. It consolidates in a descending triangle, sees a 140% to 230% rally and then a retrace by 56% to 60% before entering a bull run.

　　Another crypto trader sees Dogecoin moving according to plan—it needs to form a “base for price to go higher eventually.”

　　Also Read: Dogecoin‘s First Weekly Golden Cross In Four Years Is ’2-3 Green Weeks Away

　　Why It Matters:Traders on Crypto Twitter are bullish on Dogecoin, with most predicting a retrace before a rally. They compare Dogecoins current state to its historical performance, which has seen such instances occurr.

　　IntoTheBlock data shows a 15.6% drop in large transaction volume, while daily active addresses increased by 8.6%. Exchanges netflows decreased by 154.3%. Currently, 72% of Dogecoin holders are in profit.

　　BitInfocharts revealed that in the past 24 hours, 1.77 billion DOGE, worth $220.8 million, were transferred. 51,999 transactions were executed in the past 24 hours. Active addresses in the past 24 hours tallied at 37,593.

　　What‘s Next: The influence of meme coins is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.