Speaking of whether Dogecoin can rise to $1 by the end of the year,
People in the market are very excited and are guessing. I personally think that after looking at the Fibonacci level, Dogecoin may be able to jump to $1 before the end of the year.
The Fibonacci level is like a magic compass, pointing us in a direction, saying that Dogecoin is now wandering in the range of $0.25 to $0.27. If it goes smoothly, it may be able to rush all the way to $1.
There is a big guy, Master Kenobi, who is also very optimistic about Dogecoin, saying that reaching $1 by the end of the year is not a dream. He also said that Dogecoin is less than 30 days away from completing a 91-day magical sequence, which may cause the price to soar.
Master Kenobi also mentioned an interesting point, saying that if Dogecoin can reach $1, it is equivalent to crossing a psychological barrier, and it is also a good opportunity to show everyone its strength. At $1, Dogecoin will be considered grown up and can be steadily used as a long-term investment treasure.
There is also a big guy named Trader Tardigrade who posted online that Dogecoin may rise sharply in the next four months. He also mentioned a past event, saying that Dogecoin had similar crazy rises before, such as in 2017, when it rose 1000% in eight months, which was amazing.
So, if Dogecoin can rise like that again, we have to keep our eyes open. If it can replicate the 1000% increase in 2017, it may jump to 3.6 US dollars; if it can replicate the 8000% increase in 2021, oh my, it may fly directly to 26 US dollars!
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