Tmilnebml is a crypto analyst who has noted a bullish trend that’s forming on the Dogecoin Price Chart. According to the analyst, DOGE’s price could reach Up to $4.2 The meme coin is now entering the next phase in this bullish pattern.
Dogecoin Fibonacci Spinning Could Drive Price to $4.2
It is not a TradingView postTmilnebml emphasized the DOGE Fibonacci Spiral, which could push DOGE up to $4.2. The crypto analyst pointed out that the Fib spiral has reached its third version of following the golden proportion and has broken through recent resistance lines. This is a good sign for his prediction. The chart that accompanied his prediction showed the Dogecoin could reach $4.2.
Related Reading: Dogecoin’s Price Breakout in 2021 is Mirrored by PEPE. Here’s how. 
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The chart showed that Dogecoin’s price could rise to $4.2 as early as 2025. However, it is not clear if this will be the peak for the most popular meme coin. Ali Martinez, the crypto analyst who predicted this prediction recently, also said that DOGE could hit $4 Based on Fibonacci, this cycle may see the price of gold rise to $23 or more.
Analyst explained that Dogecoin prices rose to Fibonacci levels of 1.618 and even 2.272 in previous bull cycles when they broke the $0.50 Fibonacci level. According to this, DOGE can reach $4 if the Fib 1.618 is reached and $23 if the Fib 2272 level is reached.
Crypto analyst Trader Tardigrade Recent predictions also predicted that Dogecoin’s price could rise to $8.7 in August 2025, if it mimicked the 2016 bull market. In the meantime, he said that DOGE could rise to $30 if it mimicked the 2021 bull market.
DOGE Has entered its parabolic phase
Ali Martinez explained in a post on X that DOGE is now experiencing a parabolic bullrun and why he thinks so. He began by mentioning that Dogecoin Whales These whales have bought millions of DOGE coins. The whales bought 56 million dollars worth of DOGE in less than 24 hours.
Related Reading: Crypto Analyst Reveals Where The Dogecoin Price Top Is For This Cycle – It’s Much Higher
Secondly, he noted that retail investors have just started to notice DOGE’s potential, indicating that DOGE still has more room to move to the upside as these investors accumulate the meme coin. He noted that crypto-addicts seem to prefer DOGE on BitcoinThe outlook is bullish for the meme coins.
Martinez said that, based on historical data and a parallel channel, Dogecoin’s price could range anywhere from $2.40 to $23.26. He cautioned investors, however, to prepare themselves for steep price fluctuations. Martinez said that Dogecoin’s price experienced corrections from 40 to 84 percent during the bull run of 2017 and 2020.
According to the Dogecoin website, at the time of this writing, the Dogecoin is currently trading for $0.39. This represents an increase of over 3% within the last 24 hour. The following are some of the most effective ways to increase your ROI: CoinMarketCap.
Source: DOGEUSDT on Tradingview.com Featured image created with Dall.E, chart from Tradingview.com| Source: DOGEUSDT on Tradingview.com Featured image created with Dall.E, chart from Tradingview.com
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