The possibility of a Dogecoin market reversal has crypto observers interested in the meme coin. While it did record some gains in recent days, CoinCodex’s price prediction still projects a 13% decline, which may further drive DOGE to $0.088742 by October 10, 2024. Related Reading: BNB Weekly Active Addresses Surge Over 6% – Is A Rally On The Way? This is despite an interesting observation by cryptocurrency analyst Master Kenobi. As Kenobi says, every downtrend is retreating in duration, which in turn means that the bears may exhaust themselves, and it could clear the way for a recovery. The #DOGE bear market consisted of three major downtrend cycles. Whether it’s a coincidence or not, the first cycle lasted 540 days, nearly 1.5 years; the second lasted 364 days, exactly one year; and we are now concluding the third downtrend cycle, which lasted approximately 182… pic.twitter.com/GToZmRaPCh — Master Kenobi (@btc_MasterPlan) September 9, 2024 He explained that the initial downtrend lasted 540 days, or approximately 1.5 years while the second cycle was 364 days. Against these, he said, the ongoing downtrend has seen only 182 days, or roughly six months ..
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