Dogecoin (DOGE) may welcome an "epic" rebound, with experts predicting a surge of 405%!

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Analysts claim that Dogecoin (DOGE) is entering its third round of a bull market, with prices expected to see significant historical increases again. According to Fibonacci extension theory, DOGE is projected to rise by 405%, with a target price of $2.28, surpassing previous expectations and potentially soaring by 570%.

However, the current market status of DOGE is not ideal. The latest data shows that the price of Dogecoin has fallen to $0.3156, down 7.04% in the past 24 hours, with trading volume decreasing by 16.98%, indicating a decline in market participation.

In the short term, DOGE is in a consolidation range between $0.318 and $0.324, with low trading volume and insufficient confidence from buyers and sellers, which may lead to increased price volatility. If DOGE breaks through $0.324 with increased trading volume, a rebound may occur, but if it drops below $0.318, further downside is possible.

Overall, while facing pressure in the short term, the long-term outlook remains hopeful. If key resistance points are broken, DOGE could experience significant upward movement.

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