Dogecoin deviated from established bullish trends in the previous bull cycle after he started considerable price accidents this year. With this bearish trend, the leading Meme coin seems to be heading for another red month, which Doge’s Bull Run this year.
Dogecoin deviates from established bullish trends
Cryptor Shows that Dogecoin rejects the historic Bullish trend in the Bull run from 2021. The leading Meme coin started the year with a bearish trend that suffered significant crashes Since January. In January, the Meme coin made the month with a lean profit of 4%. However, its price has been discontinued since the beginning of February with a loss of 20% since the beginning of this month.
This is nothing compared to the bullish run that Dogecoin enjoyed at the beginning of the year during the year 2021 Bull Run. At that time, Dogge made a win of 711% in January and then followed him with a profit of 26% in February. In fact, the leading Meme coin closed the first four months of 2021 in the green and recorded profits of 11% and 546% in March or April.
However, this bull run from 2025 is different, especially when Dogecoin suffers an accident of 20% this month and will probably end this month. A monthly closure in red could make similarities between 2021 and invalid 2025 Bull Run And get concerns about how this market cycle could affect.
However, the historical trend in the Bull Run 2017 offers a certain optimism in the middle of the current price campaign of Dogecoin in this bull run. In 2017, the leading year in red began with a monthly loss of 7% and 2% in January and February. In the following three months, Dogge then made a bull run and made a profit of 59%, 124%and 256%in March, April and May.
Doge is still at short notice further crashes
The crypto analyst Ali Martinez suggested that Dogecoin will continue to endanger at short notice. In an X -Post, the analyst revealed that Dogy just saw a cross between them Market value for realized value (MVRV) and his sliding 200-day average (MA). He also noticed that prices decreased by 26% and 44%.
At the time of writing, the price of Dotecoin is around 0.26 USD, which has dropped by over 3% in the last 24 hours Data From coinmarketcap.
Selected picture of Unsplash, diagram of tradingview.com