Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
So far, the $1 target has been a psychological level that market participants expect the Dogecoin price to reach in this bull run. Based on Dogecoin\u2019s Fibonacci levels, crypto analyst Dj Anas has predicted that the foremost meme coin could even reach this target by year-end.\u00a0 Fibonacci Levels Show That The Dogecoin Price Can Reach $1 By Year-End In a TradingView post, crypto analyst Dj Anas cited Dogecoin\u2019s Fibonacci levels as why he believed the price could reach $1 by year-end. Based on the Fibonacci levels, The analyst remarked that Dogecoin is witnessing a solid push on the support-resistance line between $0.25 and $0.27, which could act as a solid foundation for the upward movement to the $1 target.\u00a0 Related Reading: Bitcoin Price Prediction: Analyst Sets $320,000 Target As Wave 5 Begins Crypto analyst Swallow Premium responded to the post and warned that the Dogecoin price would have to break many resistance levels first if it is to reach this target by year-end.\u00a0 Meanwhile, like Dj Anas, crypto analyst Master Kenobi, who correctly predicted the start of the Dogecoin bull run, has also suggested that the Dogecoin price can reach $1 by year-end. This came as he revealed that Dogecoin was less than 30 days away from completing a 91-day sequence which could lead to the price rally to $1.\u00a0 Master Kenobi further explained that Dogecoin\u2019s current all-time high (ATH) is already slightly above the psychological threshold of a $100 billion market cap, which could propel the Dogecoin price to this target. The accompanying chart he shared shows that DOGE could reach $1 by December 2.\u00a0 Master Kenobi said that the $1 target for the Dogecoin price isn\u2019t just an important psychological threshold but also a major benchmark that validates DOGE\u2019s potential. He added that reaching $1 would mark a new stage in the meme coin\u2019s maturity and solidify its position as an asset with lasting impact.\u00a0 The Next Four Months Could Be Huge For DOGE In an X post, crypto analyst Trader Tardigrade suggested that the next four months could be huge for the Dogecoin price. This came as he revealed that Dogecoin had just surpassed its previous highest monthly close level. The last time this happened, the Dogecoin price recorded a gain of 8,000% in just four months.\u00a0 Related Reading: Shiba Inu Burn Rate Crashes 82% Despite Recovery, Can SHIB Price Still Make It To $0.00008 ATH? Meanwhile, during the 2017 bull run, when this happened, the DOGE price rallied by 1,000% in eight months. As such, Dogecoin could again witness a parabolic rally, just like in 2017 and 2021. The analyst\u2019s accompanying chart showed that the Dogecoin price could rise to $3.6 if it mirrors the 1,000% gain from 2017 and rally to $26 if it mirrors the 8,000% gain from 2021.\u00a0 At the time of writing, the Dogecoin price is trading at around $0.36, down over 12% in the last 24 hours, according to data from CoinMarketCap.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":569110,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83685],"tags":[167,6664,26263,14690,1785,89174,85675,7,1803,1804,79599,79600],"class_list":["post-652894","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-doge","tag-doge-news","tag-doge-price","tag-dogecoin","tag-dogecoin-news","tag-dogecoin-price","tag-dogeusd","tag-dogeusdt"],"acf":[],"yoast_head":"\n
Can Dogecoin Price Reach $1 By Year End? Here's What The Fibonacci Levels Say<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n