Crypto analysts project a bullish outlook for Dogecoin ($DOGE ) as it shows signs of recovery. Despite recent volatility and a 15.4% weekly decline, DOGE has gained 10% in the last 24 hours, trading at $0.34. Analysts highlight key Fibonacci levels as potential targets on its path to $1:
1. $0.50 (1 Fibonacci level)
2. $0.70 (1.618 Fibonacci level)
3. $1–$1.1 (2.618 Fibonacci level)
4. $1.7 (4.236 Fibonacci level, a long-term goal representing a 400% surge).
Support zones below $0.297 are identified as safety nets in case of pullbacks.
Historical trends further support optimism. Analyst KrissPax notes that Dogecoin's Relative Strength Index (RSI) recently dropped below 40, a setup that previously led to a 400% rally. If history repeats, DOGE could see a significant price surge, potentially reaching $0.6 and beyond.
