#StablecoinLaw 🚨Dogecoin Rises Above $0.23— Next Price Targets ✅

📈The recent momentum has pushed the price of Dogecoin above the psychological barrier of $0.23, reaching approximately $0.236 and expanding a weekly gain of over 20%. This breakout occurred while Bitcoin remains consolidated just above the pivot of $120,000, a level considered crucial by many market technicians for the entire altcoin complex. The price action of Dogecoin is framed by a multi-month downtrend line, the boundary of which was broken for the first time last November. Since then, the price has returned to the diagonal line three times, indicating what is known as 'classic post-breakout behavior.' It is only a matter of time before Dogecoin rises to the level of $0.28-$0.30 and beyond, as long as Bitcoin maintains its strength.

Dogecoin's price targets, according to Kevin, are based on a dense concentration of Fibonacci retracements. Immediate resistance is at the retracement bands of 0.618 and 0.65, approximately $0.261 and $0.285, followed by 0.703 at $0.329 and the level of 0.786 at $0.413. Further down, the 0.5 retracement at $0.190 has acted as support during July, while 0.382 at $0.138 marks the last line of defense for medium-term bulls. Beyond the classic retracement grid, Kevin projects an aggressive triad of Fibonacci extension lines—1.618 ($3.97), 1.65 ($4.33), and 1.703 ($5.00)—arguing that the 'rarefied air zone' of Dogecoin above the peak of the last cycle could allow for a parabolic excess if liquidity conditions mirror those of 2021. However, he emphasizes that such targets depend on Bitcoin breaking above $120,000-$123,000 and, ideally, advancing to $140,000-$150,000, where the upper supply decreases drastically.

🚨warns that Bitcoin is still the engine of this market and, if it falls, the entire market will fall. Bitcoin needs to decisively break $123,274.