Dogecoin is showing signs of a potential parabolic rally, with its price action forming a distinct curve pattern. Analysts are closely watching this trend and believe it could signal a significant price surge. Following a period of consolidation, Dogecoin is once again demonstrating an upward trajectory on technical charts, featuring a gradual accumulation phase with higher lows. 2023 has seen similar patterns appear before the memecoin’s past bull runs. 📈 Analysts at CryptosRus on X (formerly Twitter) pointed out that this parabolic curve formation indicates a strong price spike is likely. 🎯 With Dogecoin currently consolidating between base 3 and base 4, a breakout seems imminent, triggering further bullish momentum. As the meme-coin approaches base 4, market indicators point to a surge in buying activity. Open interest has surged recently, along with a shift in the Open Interest-Weighted Funding Rate. 📈 The price is steadily recovering, suggesting increased buying pressure, and Dogecoin’s current price range of $0.1923 suggests it could be poised to reach a significant liquidity grab point, potentially targeting psychological $1 in the coming weeks.