Dogecoin has always been full of surprises, occasionally embarking on a journey of soaring prices. For instance, the classic rebound in 2021 set a historic high. From a technical perspective, it is possible for Dogecoin to continue writing its legend and reach new heights.

Recent fractal analysis indicates a promising future for Dogecoin, with prices expected to rise to the range of 1 to 3 dollars.

Looking back at its price trend, the momentum has been weak in the past month, especially in the last two weeks, where prices have significantly fallen, even breaking the key support level of 0.35 dollars set in early November.

Cryptocurrency analyst Ali Martinez's technical analysis shows that Dogecoin's weekly chart exhibits 'fractal' characteristics, which are very similar to the situation in early 2013 when it was a meme coin, providing a basis for assessing the current trend.

The chart indicates that after breaking the downward trend line drawn from the previous cycle's high point, Dogecoin underwent a significant adjustment, with prices dropping from 0.48 dollars to 45.8% of the original level. However, in the previous two cycles, similar adjustments were followed by strong rebounds, with prices achieving remarkable results.

In 2017, Dogecoin experienced a similar journey, quickly launching into an explosive rise after a breakout and adjustment, peaking at 0.01855 dollars in early 2018, close to the 1.618 Fibonacci extension level of the previous bear market low.

In 2021, there was a second explosive surge, with rapid growth, reaching a historic peak of 0.7316 dollars, far exceeding the 2.72 Fibonacci extension level of the previous bear market low.

Now, referring to the existing fractal patterns and past price trends, it seems Dogecoin is set to embark on a new parabolic rise, with the extent of the rebound depending on the current correction situation. If the fractal breaks through again, Dogecoin's price is likely to rise strongly, targeting the range of 1 to 3 dollars. Currently, its price is around 0.326 dollars, meaning a rise to 1 dollar would be over 200%, and to 3 dollars could reach over 800%.

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