Is Dogecoin’s price tracing its pattern from 2017 and 2020 again? – BitRss

• DOGE’s trading volume and network activity declined significantly
• A bullish pattern appeared on the memecoin’s daily chart too 

After a week of price drops, Dogecoin [DOGE] once again gained bullish momentum on the charts. However, the trend might change soon, especially since the memecoin seemed to be following a pattern similar to that of its previous cycles. Should investors be cautious then?

Dogecoin mimics historical pattern

The world’s largest memecoin witnessed a 6% correction last week, but the bulls managed to push its price up by 3% in the last 24 hours. Here, it’s interesting to note that while several think memecoins are only backed by market sentim…