Since Trump was elected,$DOGE has shown strong price strength, breaking through key resistance levels, generating optimism about its short-term performance. However, this bullish momentum could be poised for significant price movements as one cryptocurrency analyst has predicted a correction in the coming days.

Historical Trends Put Dogecoin Investors on a Bumpy Ride

Ali Martinez, a seasoned cryptocurrency expert and trader, has been examining Dogecoin’s current and past price action following its recent surge. After a thorough study, the market expert has revealed a shocking price trend that suggests the dog-themed meme coin could see two major corrections in the short term.

The analyst points to patterns in the last two market cycles, which showed repeated periods of strong correction before accelerating again, suggesting a similar price movement in the current bull cycle.

The meme coin experienced two significant corrections of around 40% and 84% during its 9,470% rally in the 2017 bull run. Furthermore, a similar pattern was observed during the parabolic phase of 2021, where Dogecoin's price increased by over 30,700%, but experienced two notable corrections of 46% and 53%.

With DOGE currently showing significant upward pressure that is seen as the next bull run, my view is that history may repeat itself and the digital asset may face two major corrections as it climbs to key levels. “Now that DOGE appears to be entering another parabolic rally, remember that corrections are part of the journey,” he said.

Interestingly, these predicted declines could act as consolidation areas for digital assets, allowing$DOGE stable and could strengthen its direction towards more upside.

So far, it has emphasized patience and faith as two essential elements for an investor hoping to become a millionaire with Dogecoin, while noting that there is no need to panic about the recent 13% drop.

Looking at Dogecoin’s price action on the shorter time frame, I believe that a 45% rally could be imminent due to the formation of a bullish flag pattern. If the $0.35 support level holds, the expert believes that this pattern could trigger a 45% rally with a target of $0.56.