Dogecoin (DOGE) Soars: Parabolic Rebound Begins a Crazy Journey, $1 Becomes a Stepping Stone, $20 is Not a Dream!

Martinez shared a chart indicating that if Dogecoin can reach the middle boundary of its ascending channel, its price could rise above $1. Specifically, this middle boundary sets a target price for Dogecoin at $1.9. Moreover, if Dogecoin can break through the upper limit of the channel, its price could even reach $20.

This prediction suggests that if Dogecoin experiences strong market momentum in the future, it may undergo a significant rise, attracting more investor attention.

Martinez shared this chart and mentioned historical trends, indicating that Dogecoin is about to experience a parabolic rebound. He pointed out that similar trends have occurred in the past: in 2017, when Dogecoin began its parabolic rise, it soared by 212%, then retraced 40%, and subsequently increased by 5,000%. By 2021, Dogecoin rose by 476%, retraced 56%, and then skyrocketed by 12,000%.

Therefore, Martinez believes that Dogecoin's price is very likely to follow this historical pattern again. In this market cycle, Dogecoin has already risen by 440%, then retraced by 46%. If history repeats itself, Dogecoin is expected to experience a similar parabolic rebound of 5,000% or 12,000% again.

The rebound of Dogecoin is imminent. He pointed out that TD Sequential has issued a buy signal on Dogecoin's daily chart, anticipating a price rebound. According to his chart analysis, Dogecoin could rise to $0.48 in the short term.

Combining the current market sentiment and technical signals, Dogecoin appears to be gaining momentum and could soon experience a strong rebound.

Dogecoin's price is approaching the upper half of the second wave of increase, and although it has not yet touched the orange line on the attached chart, it is very close to this critical level.

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