Este Artículo También is respondable in Español.
Crypto Ali analyst (@ali_charts) published a weekly graphic on tradingView which places Dogecoin (Doge) outright above an ascending channel determined in early 2014. Although many altcoins have crossed boom cycles and boom cycles and boom cycles and boom cycles and boom cycles and boom cycles and boom cycles and boom cycles and boom cycles and boom cycles and boom cycles and From Bust in their stories, the attached graph reveals that Doge has largely respected this jumping beach for more than a decade. “”DOGE holds hard above the upper limit of this channel, keeping the path open for a potential rally around $ 4! Says Martinez.
Dogecoin on loan for $ 4?
The canal itself is composed of two bold primary lines – defining the lower and upper ranges of the price action, as well as a series of lines in dotted lines. In 2014, Dogecoin persisted below $ 0,00017. Year later, in March 2020, Dogecoin fell to $ 0.00134, a level that corresponds to the 0% Fibonacci reference point on the graph.
From there, the action of the prices began to form a sweet upward trend which has become clearer over time, punctuated by points in 2017-2018, a race in mid-2019, and in particular the rally Massif in 2021 when Doge reached a historic summit of approximately $ 0.73905. After a net retirement, the price briefly consolidated nearly $ 0.0,06,654, an area marked by the Fibonacci retracement of 0.618. DOGE then built enough resistance to climb above the level of 0.786 fibonacci around $ 0.19183, which coincided with the median point of the lower ascending channel.
Related reading
Currently, Dogecoin is nearly $ 0.25, placing it above the lower limit of the channel but also below the lower dotted trend line which has always served as a reference to major eruptions. In April 2024 as well as in December 2024, DOGE was rejected in this trend close to $ 0.23 and $ 0.48 respectively. With the current correction, DOGE may have successfully completed a retain from the previous local summit almost $ 0.23 and is now ready for the next increase.
In particular, the periods when Doge gravity around these dotted lines often preceded large directional movements, both on the way up and going down. A break over the lower dotted line which is currently nearly $ 0.50 could potentially trigger the next major Dogecoin movement. Overall, the primordial point of view from Ali’s point of view is that Dogecoin remains structurally intact in this trend of several years, reinforcing the idea that the future prices are possible.
Fibonacci analysis presented on the graph shows several spaces spaced throughout the history of Dogecoin. The retrace from 0.618 to approximately $ 0.0,06,654 is distinguished for capturing the stockings of the 2022 bear market, while the Fibonacci brand of 0.786 nearly 0.19183 served as a consolidation pivot before the current trip.
Related reading
Above the 1.0 extension (the highest 2021 entirely high around $ 0.73905) lies with key fibonacci extension targets, namely 1,272 almost $ 4.10, 1.414 approximately $ 10.04 and 1.618 nearly $ 36.32. These levels provide a technical roadmap for the most optimistic scenarios, although everyone is gradually becoming more speculative because the price should break several psychological and technical obstacles to reach them.
By recovering and holding above the upper limit of the canal, Dogecoin seems to stage another phase of potential expansion. The interpretations of the graphics suggest that as long as Doge remains above this threshold, it retains an upward structure which has reliably channel the increase in prices in the last decade. If, however, the price was to be lowered below $ 0.0.19, it could slip towards the lower limit of the canal or even break below, destroying the optimistic case for Doge.
At the time of the press, DOGE exchanged $ 0.2,6791.
Star image created with dall.e, tradingView.com graphic
