With the hottest meme coin in the spotlight again, you may be considering whether to invest in Dogecoin ($DOGE ) before the next bull run arrives.

Judging from the price performance, DOGE is indeed very strong. The eight consecutive positive lines on the daily chart show a clear upward momentum, occupying almost a quarter of the chart. This bull run seems to have started after a double bottom reversal and a falling wedge breakout. From the low of $0.08049 on August 5, DOGE has risen 62.64% in just three months and broke through the previous high of $0.1282, forming a complete round bottom reversal pattern.

Technical indicators are also very bullish for $DOGE . The MACD indicator shows strong upward momentum, the signal line has shown a positive crossover, and the positive histogram is also rising sharply. The exponential moving average (EMA) is also showing bullish signals, the 50-day EMA is rising, and the possibility of a golden cross is increasing. All of these indicate that the price of DOGE is about to rise.

In the past 24 hours, DOGE's social influence has risen by 1.55%, and the number of content creators has increased by 2.59%. Although the market sentiment has dropped slightly, it still remains at a high level of 84%, showing the market's optimism.

Regarding price targets, according to the Fibonacci levels, the rise of $DOGE has surpassed the 23.60% and 38.20% levels. It encountered some resistance when approaching $0.14, and the intraday candle chart showed a long upper shadow, which raised questions about whether it can continue to rise. But from the upward trend, the next target is the 50% Fibonacci level, which is $0.14404. If the market continues to recover, DOGE's gains may continue, and the price may break through the 50% level and even reach the 67.80% or 78.60% Fibonacci levels, which are $0.1591 or $0.1835. Of course, if the price falls, the key support levels are $0.1151 and the psychological level of $0.1.

To sum up, DOGE does look like it has a lot of potential. What do you think?