DOGE - Will it reach the dollar mark?

Hello traders, the crypto market has taken a small dump today. However, this is great as this resets many extended indicators. If we are in the last stage of a bull cycle, the one may speculate and anticipate a mania phase with max FOMO from retail investors. We have already seen a parabolic move by SHIB. Can doge make a similar move to the upside?

In my opinion, no but we have seen stranger things in this crypto space. Doge already has a large market cap and although i do think the price will rally at some point I think the pressure to take profits will be too high and it will miss its dollar target. Furthermore, I expect in a bear market for doge to bleed a lot more then other ALT just because there will be no incentive to hold such an asset. The demographic of people that buy this coin also tells me they will panic sell when in such a scenario.

We have a long term trend line that has acted as both support and resistance and will be a very important line to follow as this cycle matures. It has formed an ascending triangle pattern. This is usually a continuation pattern to the upside.