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Analyst Predicts When Dogecoin Will Bottom Out and Rally, Based on Smart Money Accumulation Strategy

June 15 (Cointime) - Nicholas Merten, a popular analyst and host of DataDash, predicts that Dogecoin (DOGE) could trigger a rally by the end of 2021 or early 2024. Merten believes that smart money tends to accumulate altcoins like DOGE when they are heavily discounted.

He suggests that blue-chip accumulation of DOGE should begin once it is about 95% from its all-time high. However, with DOGE currently only 91% down from its all-time high, Merten warns of further significant declines before a potential rally.

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