Domycin Current transaction scope Between $0.18 and $0.24, it largely mimics the steady accumulation phase of past bull cycles. Although its price action has emerged in a shorter time frame, technical analysis of the wider market cycle suggests that meme coins may be close to their merger phase and Entering the early stage Break through the trajectory.
Fibonacci model points to continuous perception
according to Recent Posts Marking on social media platform X by crypto analyst Javon, the price movements of Dogecoin over the years reveal a highly consistent relationship with Fibonacci’s expansion levels, especially the 1.618 level. The marker emphasizes that in the two previous major cycles, 2014-2017 (cycle 1) and 2017-2021 (cycle 2), Dogecoin surpassed the 1.618 Fibonacid expansion measured from its respective accumulation bases.
In Cycle 1, Doge rose from the 0 Fibonacci level in the 2015 bear market to the peak of the 2018 Fibonacci level. This translates to a transfer from $0.00009 to $0.00748, representing an increase of more than 8,200% from its cycle low of 8,200%.
Period 2 Following a similar structure, Patterns above 1.618 FIB levels remain true. Initially, for most of the time during a long bear market, most of the time merged around its 0-fiber baseline. Then, in early 2021, meme coins began to emerge actively, first retrieving the 1.0 extension level to around $0.11773 and eventually exceeding the 1.618 extension to $0.39921. The climax of this breakthrough reached its current historical height of approximately $0.7326 in May 2021, 43,000% lower than its cycle.
Dogecoin’s next price target
As shown in the accompanying chart, the Fibonacci projection of the current dog protein cycle begins at a bear market low of 0.06036 in 2022. This price point forms the zero baseline now tracked as cycle 3.
Please remember Periodic behavior of domycinwhich sets the current 1.618 Fibonacci expansion target at $2.28008. It is worth noting that the 1.0 FIB expansion level has been confirmed at $0.56953 after Dogecoin’s all-time high. Meeting this target will translate to a 3670% increase over the current price level, but Dogecoin can repeat what happened in 2 cycles, even exceeding the 1.618 FIB level.
It is worth noting that each breakthrough not only surpasses the Fibonacci level, but also resets the basis of the next macro cycle. Therefore, a successful move exceeding $2.28 will complete the third full cycle, and Lay the foundation Doge’s long-term valuation is above the $1 threshold even in the next bear market. At the time of writing, Dogecoin is trading at $0.1912, up 5.5% over the past 24 hours.
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