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Ali_charts Published A weekly scheme on TradingView that places Dogecoin (DOGE) directly over a specific upward channel drew from early 2014. The slope of more than a decade. “Dodge It strongly keeps over the upper limits of this channel, making the path open for a possible equipment about 4 dollars! Martinez claims.
Dogecoin prepares for $ 4?
The channel itself consists of two main bold lines – the bottom and upper ranges are determined to make prices – as well as a series of intermediate intermediate lines. In 2014, Dogecoin remained less than $ 0.00017. A year later, in March 2020, Dogecoin decreased to $ 0.00134, a level that corresponds to 0 % Fibonacci reference point on the scheme.
From there, the price of the price began to form a gentle high direction that became more clear over time, interspersed with nails in 2017-2018, a race in mid-2019, most notably the huge gathering in 2021 when Dog rose to the highest historical level of $ 0.73905. After the sharp decline, the price was briefly unified near 0.06654 dollars, an area of 0.618 fibonacci. Dog then built enough power to climb the highest level of 0.786 Fibonacci about $ 0.19183, which coincided with the middle of the lower emerging canal.
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Nowadays, Dogecoin sits near $ 0.25, and places it over the lower boundaries of the channel but also below the intermittent lower direction line that was a major reference for the exit. In April 2024, as well as in December 2024, Dog was rejected in this direction line near $ 0.23 and $ 0.48, respectively. With the current correction, DOGE may have successfully completed re -testing the highest previous local level near $ 0.23 and is now ready for the next rise.
It is worth noting that the periods that Dog are attracted to these intermittent lines have preceded large directional movements, whether on the road or on the road down. A break above the intermittent lower line currently sitting near $ 0.50 can lead to the next main Dogecoin step. In general, the comprehensive ready -made meals from the perspective of Ali is that Dogecoin is still structurally intact in this multi -year trend, which enhances the idea that future price expansions are possible.
Fibonacci analysis on the graph shows multiple levels spaced over the history of Dogecoin. The decline is about 0.618 with about $ 0.0654 due to the accommodation of its lowest level in the 2022 bear market, while the Fibonacci brand 0.786 approximately $ 0.19183 was the axis of unification before the current transition.
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Above an extension of 1.0 (height of 2021 all -thetime is around 0.73905) the main Fibonacci extension targets, which are 1.272 near $ 4.10, 1.414 is about $ 10.04, and 1.618 near $ 36.32. These levels provide a technical road map for the most optimistic scenarios, although each of them becomes gradually more included because the price will need to break the multiple psychological and technical barriers to reach them.
By restoring and holding the upper limits of the channel, it appears that Dogecoin is publishing another possible expansion phase. Planning interpretations indicate that as long as Dog remains higher than this threshold, it maintains an upward structure that has directly directed the high prices over the past decade. However, if the price decreases to less than 0.0.19 dollars, it may slip towards the bottom boundaries of the channel or may be broken under it, and thus destroy the bullish state of the fence.
At the time of the press, Dog was traded at $ 0.26791.
Distinctive image created with Dall.e, Chart from TradingView.com
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