✴️ Dogecoin Next ATH Has 1,593% Potential After 65,382% In 2021

5 בינו׳ 2023

We looked at Dogecoin (DOGEUSDT) long enough on the short-term timeframes and is time to zoom out to get the bigger picture, a wider/broader perspective.

The bear market for Dogecoin lead to a 93.36% correction (-93.36%) from its All-Time High.
A low was hit 13-June-2022.

We are obviously within a higher low long-term since in the previous bull market Dogecoin grew by 65,382%.
From 0.00113 (March 2020 low), to a massive 0.73995 (April 2021 high).

Now, going back to the title of this trade idea... We know the bearish trend is over when we look at the falling wedge on the chart.
In October 2022 Dogecoin broke out of the downtrend.

Now the doors are open for growth.

This can take years... 2025, 2024 more or less...

Here are the potential targets based on Fibonacci extension proportions.

Mainly, $1.24455 can be the next All-Time High.
Giving us a total/maximum of 1,593% from the current price.

If Dogecoin moves higher which is harder but still possible in the next cryptocurrency market bull-run, we can see $2.72219 for a massive 3,600%+.

Now tell me, what's your opinion about these numbers?
Too much, crazy?

It isn't crazy when you consider that just two years ago Dogecoin grew by 65,000%+.

Namaste.