According to DOGE's bull market fractal chart, the "conservative target" for Dogecoin is $2.35.

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This target is based on Dogecoin's historical performance during bull markets, particularly its gains compared to Bitcoin and Ethereum. By December 2024, DOGE seems to have bottomed out, gradually recovering after a 25%-30% drop in price. On December 20, Dogecoin briefly fell to $0.262 but rebounded to over $0.30 on the same day. Nevertheless, the price remains below the 50-day moving average level, indicating continued pressure in the short term.

According to technical analysis, Dogecoin is currently testing the key support zone of $0.30-$0.32. If this area successfully holds, DOGE may rebound and break through $0.35, laying the groundwork for a rise in 2025. The RSI indicator shows that the selling pressure on DOGE is nearing exhaustion, and market sentiment is expected to improve, further driving price increases.

In this context, Dogecoin's long-term target range is between $2.35 and $2.60, which could represent an increase of nearly 683% compared to the current price. Despite some uncertainty in the short term, based on historical trends and current technical patterns, Dogecoin may experience a rebound in the future and eventually break through its previous highs.

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