#Dogecoin stabilizes near the $0.07500 support zone before initiating an upward trend.
$DOGE experienced a surge of 175%, surpassing the $0.20000 level and reaching a new high around $0.20686.
However, bulls fail to maintain the level, leading to a price decline towards approximately $0.12282.
Over the last nine days, DOGE's price has risen by 67%, indicating a potential retest of the previous high.
Weekly examination of $DOGE prices since 2015 indicates a reliable link between RSI, price shifts, and the initiation of bullish market cycles.
In December 2020, Dogecoin's weekly RSI signaled a bullish trend as the price broke a descending trend line, echoing historical patterns.
In February 2024, a familiar pattern suggests a potential repeat of past events, hinting at the start of a bullish market trend.
Historically, DOGE's price tends to reach at least the 4.618 external Fibonacci retracement level of the previous all-time high.
If this pattern continues, it could lead to a substantial price rise, potentially exceeding the previous all-time high and reaching $3.25.
According to Coingabbar's Price Analysis, #Dogecoin Price Prediction 2030 foresees a surge to $2.50 and Dogecoin Price Prediction 2040 anticipates it reaching $5.00.
KEY LEVELS :
RESISTANCE LEVEL : $0.35000-$0.75000
SUPPORT LEVEL : $0.07500-$0.03000
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