Meme coin leader Dogecoin DOGE/USD has attracted the attention of crypto analysts predicting imminent price discovery.

What Happened: Cryptocurrency analyst Zer0 shared his insights about the behavior of Dogecoin during Bitcoin BTC/USD price discovery phases, noting that Dogecoin tends to stabilize around 80% below its previous all-time high during these periods. It is currently down 77% down from its May 2021 all-time high level.

“Study what happens with DOGE when BTC goes into Price Discovery…will start ripping once Bitcoin spreads its wings,” Zer0 stated.

The trader referenced the 2017 cycle, 2021 cycle and current cycle as examples, with charts showing DOGE rallies at the same time as…

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