$DOGE
Something is wrong with Dogecoin recently, and its price has been falling. This is understandable, after all, it has been rising wildly for more than two months. Now, it is like running a marathon and needs to take a breath and enter a period of adjustment.

But then again, from the perspective of professional technical analysis, Dogecoin, the big brother of the "Internet celebrity coins", still has some skills in the long run, and its potential for growth is still huge.

Let's take a look at the trend chart of Dogecoin in the past two weeks, just like watching a movie, frame by frame. After such a careful look, hey, I found that if Dogecoin can use all its strength to break through the 1.0 Fibonacci level, its price may make a big leap of 570%! This is not a small amount, it's like riding a rocket!


Fibonacci extensions hint at bullish trend

Dogecoin is now at the third "forefront" of its history, and its price is rising rapidly. Let's look back at the first two "highlight moments". According to that trend, Dogecoin may soar 570% from its current price, which is a good show of several times increase!

By the way, I keep a close eye on the number 1.618 in the Fibonacci extension indicator. It is like the "target line" of Dogecoin. Why? Because in the first two cycles, Dogecoin always broke through this line every time it climbed out of the bear market trough. It is simply its "lucky number". It seems that Dogecoin breaks through this line in the bull market.

Look at the picture below. Dogecoin is like a roller coaster. It bumps a few times on the stable "seat" support level, which is a "routine" in the bear market. Then, it "whoosh" and soars into the sky, leaving behind the previous "highest point" of the previous cycle. Now, this third cycle is also playing out according to this script.

However, when Dogecoin was rushing towards the high of $0.7316 before that "difficulty", it encountered many "obstacles", especially in early December, when the price fell like a slide to around $0.475, and then began to "rest".

Now, the price of Dogecoin is $0.316, which is half of what it was on December 8, and it has also fallen by 12.5% ​​in the past week. However, let's not rush. According to the previous "routine", Dogecoin is likely to make another effort to break through the Fibonacci extension level and refresh its own "highest record"

Dogecoin price will exceed $2.8

Dogecoin's price movement is like a carefully choreographed dance, gracefully leaping from the "deep valley" of the bear market to those key "Fibonacci stages" step by step - especially the two shining "spotlights" of 1.0 and 1.618.

Now, the challenge facing Dogecoin is to jump over the "1.0 Fibonacci threshold" of $0.569. Once it is successfully crossed, hey, it will be like opening the "mysterious door" leading to the historical highs, and Dogecoin bulls can attack those former "peaks" with full confidence.

If Dogecoin continues its graceful dance steps and follows the previous rhythm, it is very likely to break through the "expansion stage" of 1.618 in one go, and the price will soar to around $2.28. By that time, the rise of Dogecoin will be "as high as the sky allows", and it may even reach a higher price realm that we can hardly imagine.

For the next layout direction, I will lead everyone to target the huge profit opportunities of copycats, especially those projects with great potential. There is no problem in expecting the space to be more than 10 times. If you want to make a lot of money in the bull market, like + leave a message, and I will take you to layout the entire bull market together!
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