• Potential Reversal Signs: Oversold conditions on RSI, Stochastic RSI, and Williams %R suggest that a reversal or consolidation could occur soon.
• Action Plan: If you’re trading, consider waiting for confirmation of a bounce from the support level (0.30301) or a breakout above the resistance level (0.34178) before entering any position.
#Doge $DOGE

Although Dogecoin (DOGE) is experiencing short-term bearish sentiment, historical price movement suggests the meme coin could be building up for a potential rally toward a single-digit valuation.
Over the years, Dogecoin’s price action has been defined by three distinct cycles, each characterized by extended periods of consolidation within symmetrical triangle formations, followed by breakouts, according to an analysis shared by Javon Marks in an X post on December 25.
From 2014 to 2017, Dogecoin broke out of consolidation and exceeded the 1.618 Fibonacci Extension, setting a precedent for exponential growth. The 2018 to 2021 cycle mirrored this behavior, with DOGE breaking resistance and surpassing the 1.618 Fib level during its dramatic 2021 rally.

DOGE historical price analysis chart. Source: TradingView
The current analysis indicates that Dogecoin is in its third cycle, which began in 2022. Over the past two years, a symmetrical triangle has been formed while testing key resistance.
If this trend continues, the expert projects that DOGE could reach $2.28 or higher, representing a potential increase of over 500%. 
“The history hasn’t changed and still points to a fairly high likeliness of a price run to AND ABOVE the 1.618 Fib Extension level as it did every cycle prior to this and this time around,” the analyst said.
Such a move would bring Dogecoin’s market cap to approximately $342 billion, potentially ranking it among the top three digital assets, assuming minimal growth in other cryptocurrencies.
More bullish potential for DOGE
This analysis aligns with insights shared by another cryptocurrency trading expert, Trader Tardigrade, in an X post on December 26. The technical analysis also highlighted Dogecoin’s repeating cycles of consolidation followed by parabolic price surges. 

DOGE historical price analysis chart. Source: Trader Tardigrade
The latest setup suggests Dogecoin has emerged from its accumulation phase, a signal that has previously triggered exponential price movements. 
Similar patterns in 2017, 2021, and now 2024 hint that DOGE could be gearing up for another major run, possibly surpassing its all-time highs.
Interestingly, on-chain data points to underlying bullish factors for Dogecoin despite its near-term weakness. 
Particularly, cryptocurrency analyst Ali Martinez noted in a December 24 X post that whale investors accumulated 270 million DOGE—worth approximately $89.64 million—within 96 hours. Historically, such large transactions have often preceded notable price rallies.

Generally, Dogecoin has benefited from the broader cryptocurrency market rally, fueled by optimism surrounding Donald Trump’s election. Trump is regarded as the first pro-crypto president, having promised to support the sector during his campaign. 
DOGE price analysis 
At press time, DOGE was trading at $0.31803, down nearly 5% on the daily chart and 13% over the past week. 

DOGE seven-day price chart. Source: Finbold
While its historical price trends point to a potential breakout, the short-term outlook remains bearish. Currently, DOGE is trading below its 50-day simple moving average (SMA), signaling near-term weakness but well above the 200-day SMA, reflecting a longer-term bullish outlook. 
Dogecoin’s relative strength index (RSI) at 43.60 suggests mild bearish momentum, while the Fear & Greed Index at 73 indicates strong market interest.

#Doge $DOGE

استثمار مبلغ 10 دولارات في العملات الرقمية يمكن أن يكون خطوة جيدة نحو تحقيق أرباح مستقبلية، خاصةً عند اختيار عملات رقمية ذات أسعار منخفضة وتوقعات نمو واعدة. إليك بعض العملات الرقمية الرخيصة التي يُتوقع ارتفاعها:

1. كاردانو (ADA):
$ADA
مشروع بلوكتشين يهدف إلى تقديم منصة عقود ذكية متقدمة. سعرها الحالي منخفض نسبيًا، مما يجعلها جذابة للمستثمرين.

2. بولكادوت (DOT):
$DOT
تهدف إلى تحقيق التوافقية بين سلاسل الكتل المختلفة، مما يسمح بنقل البيانات والأصول عبر الشبكات. تُعتبر من المشاريع الواعدة في هذا المجال.

3. في تشاين (VET):
#VET
تركز على تحسين سلاسل التوريد وإدارة المنتجات باستخدام تقنية البلوكتشين. تُعد من العملات الرقمية التي قد تشهد نموًا في المستقبل.

4. شيبا إينو (SHIB):
$SHIB
عملة رقمية مستوحاة من دوغ كوين، شهدت ارتفاعات كبيرة في الماضي. على الرغم من تقلباتها، إلا أنها قد تكون فرصة للمستثمرين الباحثين عن مخاطر أعلى.

5. دوج كوين (DOGE):
#Doge
بدأت كمزحة، لكنها اكتسبت شهرة واسعة ودعمًا من شخصيات معروفة. سعرها منخفض نسبيًا، وقد تشهد تقلبات تؤدي إلى فرص ربح.

نصائح للاستثمار:

التنويع: قسّم استثمارك بين عدة عملات لتقليل المخاطر.
البحث الشخصي: اطلع على مشاريع العملات وتأكد من فهمك لها قبل الاستثمار.
إدارة المخاطر: استثمر فقط ما يمكنك تحمل خسارته، وكن مستعدًا لتقلبات السوق.
ملاحظة: الاستثمار في العملات الرقمية يحمل مخاطر عالية. يُنصح دائمًا بإجراء البحوث الشخصية واستشارة خبراء ماليين قبل اتخاذ أي قرارات استثمارية.
لمزيد من المعلومات حول أفضل العملات الرقمية الرخيصة المتوقع ارتفاعها في المستقبل، يمكنك مشاهدة الفيديو التالي:

#Binance #BinanceSquareTalks
#ReboundRally

$DOGE

Dogecoin seems to go for a possible re-test towards the upper zone of resistance.

This is the zone we will be switching our attentions on once we reach it, where we will be looking for a possible rejection from there (a successful re-test).

Another possible case would be that we would see a straight dump on the markets upon coming close to New Year so stay safe and minimise the risk while trading!x
#doge⚡ #DOGE #Write2Earn