Dogecoin (DOGE)one of the most famous and popular Cryptocurrency meme There, it is about to reach a major turning point next January. according to CryptorankIt has averaged an 83.9% return over the past decade, so January is usually the best month for it. For Dogecoin, this month has often been a big winner, but history shows that not all Januarys are created equal.

January is shaping up to be an interesting month, with a chance for a big rally. In the past, DOGE has shown that it can deliver impressive gains, with a notable rally occurring in 2021 when the price rose more than 700%.

This year, he has already shown a lot of promise. Doug It closed the month of December at $0.316 per coin, the highest price since the 2021 bull run. Moreover, the last monthly candle closed above a major support area, which is a good sign for the bulls.

But there is more to the story. In the past, only five out of eleven Januarys were good DogecoinSo the downside chance still exists. Furthermore, the average January return represents a loss of 3.86% – so while it is true that optimism is understandable, it is not that the risk of a recession is completely out of the question.

Investors and enthusiasts try to find that sweet spot between what is possible and what is likely. It is difficult to say whether Dogecoin will continue to rise or fall, but one thing is certain: we can learn a lot from how things were in the past.

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