Dogecoin is still facing a lot of bearish pressure amid the market decline, but with the price still fighting to hold the $0.2 support level, there is still the possibility of a bounce from here. There is also the fact that the meme coin seems to be following a trend that has been seen in the last two bull cycles, suggesting that it could see a similar bounce. If this happens, then the Dogecoin price could be looking at a bounce that could send it to brand-new all-time highs.

Why Dogecoin Price Could See An 800% Rally

Bitcoinsensus posted an interesting Dogecoin price crash, comparing the current performance to the previous cycle performances. This showed the formation of bullish and bearish fractals that had been formed over the last two years, leading to a similar outcome in price

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