Dogecoin has entered the fourth stage of a parabolic curve setup, signaling the potential for a major price rally towards the $1 mark.
Technical analyst Trader Tardigrade suggests that Dogecoin is in the final phase of its parabolic curve, with a projected surge above $1.7 before the end of the year.
The chart pattern indicates a potential historic breakout for Dogecoin, with a key liquidity zone identified just below $0.187 that could act as a springboard for the price rise.
Currently trading at $0.17 with a 7% decline in the past 24 hours, Dogecoin faces bearish conditions and heightened volatility as the broader market sentiment shifts towards uncertainty.