Bitcoinist 2025-06-11 02:00:40

Cycle Performances Say Dogecoin Price Will Rally Above $2.28

Dogecoin’s current trading range between $0.18 and $0.24 has largely mimicked the steady accumulation phases seen in past bull cycles. Although its price action appears muted on shorter timeframes, a technical analysis of broader market cycles shows that the meme coin may be nearing the end of its consolidation phase and entering the early stages of a breakout trajectory. Fibonacci Pattern Points To Bullish Continuation According to a recent post by crypto analyst Javon Marks on the social media platform X, Dogecoin’s price movements over the years reveal a highly consistent relationship with Fibonacci extension levels, especially the 1.618 level. Marks highlighted that in the two previous primary cycles, 2014 to 2017 (Cycle 1) and 2017 to 2021 (Cycle 2), Dogecoin exceeded the 1.618 Fibonacci extension measured from its respective accumulation bases in their bear market lows. In Cycle 1, DOGE went from a 0 Fibonacci level in the 2015 bear market low to a peak above the 1.618 Fibonacci level in 2018. This translated to a move from $0.00009 to $0.00748, representing an increase of more than 8,200% from its cycle low. Cycle 2 followed a similar structure, where the pattern of surpassing the 1.618 Fib level held true. DOGE initially consolidated around its 0 Fib baseline near $0.00168 throughout most of 2020 during a prolonged bear market. Then, in early 2021, the meme coin began to surge aggressively, first reclaiming the 1.0 extension level around $0.11773 and eventually moving beyond the 1.618 extension of $0.39921. This breakout culminated in Dogecoin reaching its current all-time high of approximately $0.7326 in May 2021, a 43,000% increase from its cycle low. Dogecoin’s Next Price Target As illustrated in the accompanying chart, the Fibonacci projection for the current Dogecoin cycle begins at the 2022 bear market low of $0.06036. This price point forms the zero baseline for what is now being tracked as Cycle 3. Keeping in mind Dogecoin’s cyclical behavior , this places the current 1.618 Fibonacci extension target at $2.28008 for the ongoing cycle. Notably, the 1.0 Fib extension level was already confirmed at $0.56953 following Dogecoin’s earlier all-time high. Reaching this price target would translate to a 3670% increase from the current price level, but Dogecoin could repeat what happened in Cycle 2 and even exceed the 1.618 Fib level. Notably, each breakout not only exceeded the Fibonacci level but also reset the base for the next macro cycle. Therefore, a successful move above $2.28 would complete the third full cycle and lay the groundwork for DOGE’s long-term valuation above the $1 threshold even in the next bear market. At the time of writing, Dogecoin is trading at $0.1912, up by 5.5% in the past 24 hours.

Meist gelesene Nachrichten

Cardano Creator: There Is a Whole XRP Package
2025-06-19
Russian Power Firm Launches Bitcoin Mining Mu...
2025-06-19
Litecoin Price Could Approach $178 in 2026 Am...
2025-06-19
XRP ETF Approval Odds in 2025 Hit 90% on Poly...
2025-06-19
Dogecoin Price to Sink Another 13% In June, B...
2025-06-19
Local Texas lawmakers could delay Musk’s robo...
2025-06-19
EU sets sight on Musk’s empire over X acquisi...
2025-06-19
Hyperliquid Token Hits 10-Day Low Following R...
2025-06-19

Ähnliche Neuigkeiten

Arab Bank Switzerland and XBTO Explore Bitcoin Yie...
19 Jun 2025
Semler Scientific Appoints Joe Burnett as Bitcoin...
19 Jun 2025
Semler Scientific Plans Potential Acquisition of U...
19 Jun 2025
Ethereum Surpasses $2,800 Amid Speculation on Pote...
19 Jun 2025
Massive Data Breach: 16 Billion Records From Apple...
19 Jun 2025
With Bitcoin and XRP Strength, MAGACOINFINANCE Mig...
19 Jun 2025

Lesen Sie den Haftungsausschluss : Alle hierin bereitgestellten Inhalte unserer Website, Hyperlinks, zugehörige Anwendungen, Foren, Blogs, Social-Media-Konten und andere Plattformen („Website“) dienen ausschließlich Ihrer allgemeinen Information und werden aus Quellen Dritter bezogen. Wir geben keinerlei Garantien in Bezug auf unseren Inhalt, einschließlich, aber nicht beschränkt auf Genauigkeit und Aktualität. Kein Teil der Inhalte, die wir zur Verfügung stellen, stellt Finanzberatung, Rechtsberatung oder eine andere Form der Beratung dar, die für Ihr spezifisches Vertrauen zu irgendeinem Zweck bestimmt ist. Die Verwendung oder das Vertrauen in unsere Inhalte erfolgt ausschließlich auf eigenes Risiko und Ermessen. Sie sollten Ihre eigenen Untersuchungen durchführen, unsere Inhalte prüfen, analysieren und überprüfen, bevor Sie sich darauf verlassen. Der Handel ist eine sehr riskante Aktivität, die zu erheblichen Verlusten führen kann. Konsultieren Sie daher Ihren Finanzberater, bevor Sie eine Entscheidung treffen. Kein Inhalt unserer Website ist als Aufforderung oder Angebot zu verstehen