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Cycle Performances Say Dogecoin Price Will Rally Above $2.28

  • Dogecoin's current trading range between $0.18 and $0.24 resembles past accumulation phases in bull cycles, indicating a possible breakout soon.
  • Technical analysis shows Dogecoin's consistent relationship with Fibonacci extension levels, hinting at a potential rally above $2.28 in the ongoing cycle.
  • In previous cycles, Dogecoin surpassed the 1.618 Fibonacci extension level, resulting in significant price increases of over 8,200% and 43,000% from cycle lows.
  • Exceeding $2.28 in the current cycle could set the stage for Dogecoin's long-term valuation above $1 even in future bear markets, with the current price at $0.1912.

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