đ„đ„đDogecoin Price Poised For Massive 600% Rally In April: Crypto Analyst
Martinez's analysis also includes a projection based on Dogecoin's price movement during the 2018-2021 bull market, represented by the light gray line on the chart. This projected trajectory is estimated from the past price model and indicates a parabolic increase for the DOGE. In particular, if history repeats itself, the #DOGE price could skyrocket in April.
According to Martinez's projection, if #Dogecoin follows the historical pattern, its price could potentially rise to about $1.5 by April, which would represent a 600% rally. This price target is further supported by the Fibonacci extension levels, with $1.54481 (1.272 Fib level) a possible obstacle.
Subsequently, the DOGE price may initially require a Deceleration and may remain stuck in a consolidation zone between the previous all-time high and 1,272 Fib for several months. The rally could then resume according to Martinez's projection.
In a similarly explosive move, DOGE could move above $1.50 and then dust off the Fib levels at $2.27007 (Fib level 1.414), $3.94628 (Fib level 1.618) and $6.22241 (Fib level 1.786) until the rally stops just above $6.30 again. According to the analyst, a recent move could see Dogecoin break above $11.11 (the 2.0 Fib level), where it could find a high cycle.
