Dogecoin Replicates Bullish Wave From Nov 2024 — Why Price Can Rocket Above $1

Dogoin (doge) is expected to be On the brink of fresh collapse Since the price movement repeats the same upward wave that preceded the explosive gathering in late 2024. After months of side movement and landing pressure, the first MIM currency shows renewable force, which hints at the beginning of an important upward cycle that can pay for it yet One long -year -long goal $ 1.

Dogecoin is expected to rise 591 % to $ 1

According to fresh photography analysis Posted by TradingView analyst Master Ananda, Dogecoin displays strong technical patterns that reflect another closely their specialty The upscale collapse of November 2024. The analysis shows that more than 217 days have passed since the M -currency has connected a strong march, however, it now stands on another lips. Explosive. It sets the expected Fibonacci supplement targets to reach $ 1.168, which will represent a 591 % increase over the current levels.

It is worth noting, after the long bear market that started to follow Dogecoin 2021 at allMimi’s currency showed signs of life in early 2024, but the real momentum arrived in late 2024. This same preparation crosses in the middle of 2015 in the current session. Since March, Mr. Ananda revealed this Dogecoin work It entered a quiet stage without great gains but also not deep corrections, which puts a relatively stable basis.

It is worth noting, between May and June, the M -currency faced more than eight weeks of Presse pressureHowever, I maintained a low decrease in the middle of the period, signal and accumulation strength. Over the past three consecutive weeks, the Master Ananda chart shows that Dogecoin has printed green candles, and a full -body green candle this week at the highest indications that the collapse may be imminent.

The scheme analysis draws clear similarities to October 2024 and early 2021 – low fluctuations that preceded the equivalent gatherings. if History repeatsDOGECOIN can provide amazing returns again Predictions that indicate an increase beyond $ 1. Key Fibonacci resistance levels were detected about $ 0.212, $ 0.313, and finally, $ 0.394.

Dogecoin targets $ 0.349 after a break over EMA89

In a later analysis report, Master Ananda revealed that Dogecoin confirmed the long term The upward trend After successfully closed over EMA89, it indicates new growth and Changing the market structure in favor of the bulls. It is worth noting that this critical resistance level represents the blue line inscribed on the daily graph.

TradingView analyst noted that the next main level that must be seen is the EMA233, which, as soon as it is broken with a daily closure, will confirm as well A continuous upward momentum And the full transition to a long -term emerging stage. Dogecoin is currently trading about $ 0.2, with goals in the near -term set at $ 0.265 and $ 0.349. Both these two goals are in line with large Fibonacci resistance areas and modern structural rises.

Distinctive image from Getty Images, the tradingvief chart

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