Fibonacci Tool Predicts Next DOGE Target

Fibonacci Tool Predicts Next DOGE Target


The post Fibonacci Tool Predicts Next DOGE Target appeared on BitcoinEthereumNews.com.

Dogecoin price has stagnated recently as cryptocurrency investors focus on the newly minted meme coins by Donald Trump and Melania Trump. DOGE has barely moved this year, but analysts point to its potential technicals that may push it higher in the long term. They cite its Fibonacci Retracement levels and other technical patterns.  Fibonacci Tool Points To More Dogecoin Price Gains In an X post, Surf on X, a popular analyst, used Fibonacci Retracement levels to predict that the coin may ultimately surge to near $10 in the long term. A climb to $9 would signal a 2,300% surge from the current level, pushing its market cap from the current $54 billion to over $1.3 trillion.  Fibonacci levels are some of the most popular concepts in trading. They are based on the ancient concept of the Fibonacci sequence, where every number is a sum of two of the previous ones. Dogecoin Price Fibonacci Short-Term Target for DOGE Price In another X post, another analyst used the two-week chart to identify the short-term Dogecoin price target. He found that the coin has often formed higher highs and higher lows since 2016.  It jumped by over 9,225% from its lowest point in 2016 to its highest level in 2018. DOGE then soared by over 30,000 between 2020 and 2021 as Elon Musk pumped it. It has now soared by over 770% from its 2022 lows. As such, he expects that the next bull run could push it to at least $4.2 in the near term. Dogecoin Price Short Term Target Long-Term Prediction For Dogecoin Price Ali Martinez, another top crypto expert, believes that the DOGE price has more room to run. He noted that the coin has formed an ascending channel starting from 2017. It is now coming from the lower side…



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