Dogecoin (DOGE) price has fallen sharply, but according to analyst Ali Martinez, this decline may predict a significant bull run. Meme coin's main metrics, increase in active wallets, transaction volumes and daily addresses, indicate sustained interest and activity. 📈📉

DOGE's price has fallen 15% in the last two weeks and 33% on a monthly basis. However, popular analyst Ali Martinez suggests that DOGE's pullback may be "part of its normal behavior before major bull runs."

Martinez highlighted several instances from past years when the price of the meme coin first dropped, then rose dramatically. The first situation happened in 2017, DOGE fell 40% and exploded almost 1000%.

In 2021, the situation repeated, the asset's value dropped 56% but then skyrocketed 12,000%, reaching an all-time high of almost $0.70.

"Now, in 2024, DOGE has broken out of a bearish triangle again! It is currently undergoing a 47% price correction, very similar to previous cycles, which could spark the next DOGE bull run," Martinez said. said.

Finally, some indicators related to the Dogecoin ecosystem have increased significantly. Non-empty DOGE wallets increased by 13.8% in the last three months. Total daily volume with each transaction greater than $100,000 reached almost $1.5 billion, representing a 12% increase compared to the figure observed on May 1.