- Dogecoin forms a symmetrical triangular pattern, signaling a potential break at $ 0.45.
- Fibonacci’s analysis suggests that DOGE could reach $ 4 by mid-2025, aligning on past trends.
- The proposed ETF Dogecoin could stimulate institutional demand, with speculative objectives achieving $ 15.
Cryptocurrency traders closely monitor Dogecoin (DOGE) because it is a crucial technical model that could prepare the ground for a significant price increase. In an article of January 26 on X, the Tardigrade trader analyst sharing An overview of Dogecoin’s daily graphic, highlighting a symmetrical triangle model, which often precedes sudden price movements.
This triangle appears when the price is narrowed between convergent trend lines, creating the lowest and highest highest. This reflects an impasse from the market, indicating that a decisive break could be close. According to Tardigrade, if Doge exceeds the upper resistance of the triangle, its upward dynamics could turn back on. The analyst suggests that this break could push the price of the DOGE to $ 0.45, an increase of 28.57 % compared to its current level of $ 0.35.
Long -term increase in $ 4 -expected dogecoin
Beyond the immediate breakthrough, Trader Tardigrade shared even more ambitious projections in an article on January 23. The analyst suggested The price of Dogecoin could eventually exceed $ 1 and even reach $ 4, citing historical trends and Fibonacci analysis. Using the Fibonacci 1.618 extension level based on trends, it has identified similarities between the current graphic and past price movements.
Dogecoin price models have constantly shown consolidation periods followed by spectacular breaks. In particular, at the end of 2023, the cryptocurrency erased zero and jumped at $ 0.1050 in December after months of stagnation. After a brief consolidation, the cryptocurrency reached $ 0.22 in March 2024, a rebound of 292 % compared to its lower October 2023 of $ 0.0578.
The following consolidation phase, lasting eight months, paved the way for another rally in November 2024, when Dogecoin jumped $ 0.4850 in December. Analysts suggest that if history is repeated, the price of Dogecoin could line up on the level of Fibonacci 1.618, aimed at a peak of $ 4.
ETF Dogecoin fuels market optimism
Aside from the technical models, Dogecoin also benefits from a change in the fundamentals of the market. Recently, two eminent managers of cryptographic assets announcement plans to launch a negotiated stock market (ETF) Dogecoin.
Many experts in the sector believe that this development could trigger a new demand for cryptocurrency, potentially pushing its price to unprecedented heights. Some analysts have hypothesized that an ETF DOGE could contribute to the token reaching $ 15 at the next Haussier market.
With the alignment of technical models and a new institutional interest via a potential ETF DOGECOIN, the cryptocurrency seems ready for a significant ascending trajectory. Analysts suggest that these combined factors could lead the price of cryptocurrency to new heights by mid-2010, thus offering hope to traders and investors.
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