Dogecoin price is part of the main plan? The analyst reveals the reason for ATH rising more than $ 1.5
Dogecoin has work over the past 24 hours It reflects the turmoil It sweeps the wider encryption market. Mimi currency He suffered from a sharp decrease On February 3, it fell in double numbers as the market underwent a large -scale sale, which led to the collective qualifiers across several encrypted currencies. Dogecoin did not save himselfWith a large number of merchants facing liquidation.
but, Despite the short -term painThe ðgeCapital (@Dimapotts36) indicates that this recession was part of a much larger setting, Dogecoin can escalate beyond its height at all towards a new peak between $ 1.50 and $ 2.10.
Dogoin price is broken with historical trends
ðGECAPITAL Another analysis indicates The last Dogecoin was expected to collide as part of the Ostal Assets Square. The analyst participated in the ideas that indicate the behavior of the historical price, which led to comparisons of the previous ups of Dogecoin. On November 24, 2024, the analyst has set expectations for a large correction, indicating how to recover the price before reaching the Fibonacci level by 78.6 % in the previous cycle.
At that time, Dogecoin rose to this main level in Fibonacci before suffering from a sharp -56 % decline, which later gave the road to a huge march. The analyst stressed that this pattern may be repeated, warning that investors should expect major corrections on the way to new levels. With Dog is now undergoing a similar decline, ðGECAPITAL believes that the conditions are in line with the next station of the assembly.
The price recovery can pay the price of Dog to $ 1.50 and beyond
After the expected withdrawal, which reached Dogoin, it reached $ 0.2237 in the past 24 hours, the analyst noted that Dogecoin Prepare now Paul in the end of its highest levels. In his latest statement, he reaffirmed his confidence that the original will resume its upward path soon.
Once the withdrawal is over, Dogecoin can resume its upward path and start trading over multi -year resistance levels. In this case, the analyst indicated that this could push the Mimi currency towards a peak of at least $ 1.5 or to an end to a higher highest of $ 2.10. These goals are based on Fibonacci’s extension levels from the 2022 bear market.
As of now, Dog In its third session It may be on the way to repeat the result of the second session. It is worth noting that price expectations do not stop here, because the Fibonacci extension analysis shows that Dogecoin can reach $ 3.94 in this course.
despite The surrounding landmarks surrounding Low prices, the ðgecapital analysis provides a thunderbolt look. At the time of this report, Dog is trading at $ 0.2636, an increase of about 6.3 % in the past 24 hours. However, there is still a decrease of 21.3 % in a seven -day time frame, after losing support at $ 0.31. The first step to reach $ 1.5 will be in favor of DogeCoin Bulls to restore this support at $ 0.31 and then break the resistance at $ 0.5 before eventually exceeding its highest level ever at $ 0.73.
Distinctive image from Adobe Stock, Chart from TradingView.com
