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Dogecoin falls or hits bottom, rebound from four-year high expected
Currently, the price of Dogecoin (DOGE) has dropped below the 0.618 Fibonacci support level of $0.178, probing the 0.786 Fibonacci level of $0.158. If it continues to fail to hold, it may test the key support level of $0.13, which has repeatedly served as a rebound starting point in 2024 and previously drove the price up over 200%.
If the $0.13 support holds, DOGE could rebound over 250%, breaking through $0.48 and reaching a four-year high, with some institutions predicting targets of up to $1 or even $2.9.
From a risk perspective, falling below $0.13 could initiate a new downtrend, and regulatory policies along with Musk's statements may also trigger volatility. Additionally, regional conflicts in the Middle East introduce instability.
Operating suggestions:
Short-term: Buy lightly between $0.158-$0.178, stop loss at $0.15, target $0.21-$0.26.
Medium to long-term: Strategic positioning at $0.13, target to hold above $0.48, set trailing stop loss to control risk.
#DOGE
Currently, the price of Dogecoin (DOGE) has dropped below the 0.618 Fibonacci support level of $0.178, probing the 0.786 Fibonacci level of $0.158. If it continues to fail to hold, it may test the key support level of $0.13, which has repeatedly served as a rebound starting point in 2024 and previously drove the price up over 200%.
If the $0.13 support holds, DOGE could rebound over 250%, breaking through $0.48 and reaching a four-year high, with some institutions predicting targets of up to $1 or even $2.9.
From a risk perspective, falling below $0.13 could initiate a new downtrend, and regulatory policies along with Musk's statements may also trigger volatility. Additionally, regional conflicts in the Middle East introduce instability.
Operating suggestions:
Short-term: Buy lightly between $0.158-$0.178, stop loss at $0.15, target $0.21-$0.26.
Medium to long-term: Strategic positioning at $0.13, target to hold above $0.48, set trailing stop loss to control risk.
#DOGE
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.ย See T&Cs.
DOGE
0.17901
-4.55%