Dogecoin Price Enters ‘Boring Phase’ Of The Cycle, But It’s Not Bad News

The Dogecoin price is currently in what analysts have described as a “Boring phase.” While this term may suggest stagnation, historical trends indicate that it is not necessarily bad news, but a potential precursor to an explosive price rally. If history repeats itself, DOGE could see its price skyrocketing past the $1 threshold. New Boring Phase Signals Dogecoin Price Rally A recent analysis on X (formerly Twitter) by a crypto expert, Trader Tardigrade highlights that the Dogecoin price action is mirroring a pattern observed in late 2017. Based on the analyst’s report, Dogecoin has officially entered a ” Boring Phase ” — a crucial stage in the meme coin’s trajectory where it typically shakes out weak hands and builds up momentum for a potential rally. Sharing a detailed Dogecoin chart, comparing its current price action with those seen in 2017, Trader Tardigrade disclosed that the new boring phase indicates that the meme coin is now in consolidation , marked by tight price movements. In the 2017 bull cycle, Dogecoin followed a similar boring phase trajectory, initiating an upward move at first before entering a period of sideways trading between October and November. During this time, many of the market’s interest in Dogecoin had dropped , as the price had remained relatively low with no signs of a bullish momentum. However by December, DOGE skyrocketed in value, aligning with the broader crypto bull market. During its decline, the meme coin had fallen as low as $0.001 before experiencing an explosive rally to over $0.014, marking a 1,300% increase. If history were to repeat itself, like Trader Tardigrade suggests, Dogecoin may be setting up for a similarly huge breakout after its boring phase. The analyst has indicated that the expected price rally could start around late February and March, potentially catapulting the value of DOGE above $1.3. This would reflect a 420% surge from its current market value. While some investors and traders may find a prolonged Dogecoin consolidation phase frustrating, long term holders and analysts typically see it as a healthy occurrence in a cryptocurrency’s cycle. The boring phase may open up opportunities for accumulation , and price stabilization, as long-term investors aim to take advantage of the low volatility before the next price rally. DOGE Aims For Symmetrical Triangle Breakout In other news, the Dogecoin price has formed a Symmetrical Triangle and appears to be on the verge of breaking out of the technical pattern. Ali Martinez, a prominent crypto analyst on X has identified this new movement, projecting that the meme coin could soon initiate a 25% breakout move. As with most symmetrical triangle breakouts , if DOGE can break above the pattern, it could trigger a potential surge to new price highs . However, broader market volatility and instability makes this analysis uncertain. Nevertheless, the Dogecoin price has remained resilient, currently trading at $0.25 after experiencing a decline of more than 30% in the past month.