Dogecoin’s Dip: A Setup for a Huge Rally?

Dogecoin took a bit of a dive recently, dropping significantly along with the rest of the crypto market. Many traders got liquidated. But one analyst, ÐOGECAPITAL (@DimaPotts36), thinks this drop is actually part of a bigger plan – a setup for Dogecoin to soar to new heights!

Following Historical Patterns

ÐOGECAPITAL’s analysis suggests that this recent crash was entirely predictable, based on Dogecoin’s past behavior. Back in November 2024, they predicted a significant correction, pointing to similar patterns in previous bullish cycles. They noted that Dogecoin had previously retraced after hitting a key Fibonacci level, followed by a huge rally. They warned investors to expect a correction before any new highs. The current dip, they say, fits this pattern perfectly.

The Road to $1.50 and Beyond

After hitting a low of $0.2237, ÐOGECAPITAL believes Dogecoin is poised for a major rebound. They’re confident it will soon start climbing again, potentially breaking through long-term resistance levels. Their prediction? A price surge to at least $1.50, possibly even reaching $2.10, based on Fibonacci extension levels from the 2022 bear market. Their analysis even suggests a potential peak of $3.94 this cycle!

The Steps to Success

To reach $1.50, Dogecoin needs to regain support at $0.31, then break through resistance at $0.50, and finally surpass its current all-time high of $0.73. It’s a multi-stage process.

Current Status

At the time of writing, DOGE is trading around $0.2636, up slightly in the last 24 hours but still down considerably over the past week. While the recent drop is bearish for some, ÐOGECAPITAL’s analysis offers a very bullish outlook for the future of Dogecoin.