Dogecoin's Parabolic Rally Could Target $3.50
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Dogecoin (DOGEUSD) has shown strong bullish momentum since the October 17 buy signal, trading in its historic **Parabolic Growth Channel (PGC)**.
This pattern has only broken once (April 2021), during a surge past **$0.73**. Currently, Dogecoin eyes a **1W Golden Cross** as the **1W MA50 (~$0.065)** nears crossing the **1W MA200 (~$0.06)**, a bullish signal last seen in **December 2020** before its rally.
Key Levels : Immediate resistance lies at **$0.10**, followed by major resistance at **$0.45**. The **1.618 Fibonacci extension** projects a potential peak around **$3.50**, aligning with past cycle highs.
Advice : Traders should watch for breaks above these levels for confirmation but remain cautious and manage risks as market volatility is expected.
