The fourth phase of the Dogecoin parabola curve is still possible, this is the timeline
Dogecoin (Doge) has just entered the fourth phase of the parabolic curve setting, a critical phase that usually marks the potential of major price gatherings. although Recent market declinetechnical analysts believe this stage could pave the way for explosive growth Coveted $1 point.
Dogecoin Eye Breakthrough to $1
According to technology predict From crypto analyst Trader Tardigrade. Meme coins Recent price changes It seems to align with the classic parabolic curve – a pattern that accelerates momentum upwards at each integration stage.
According to Trader Tardigrade’s analysis, Dogecoin has entered the final stage of its four-stage parabola curve, just split from 3 to 3 Dropped wedge After the previous gathering, this is a correction area. This move is consistent with the parabolic curve model described in the analyst’s price chart, where price action forms a foundation similar to the ladder foundation, which tightens the structure and leads to an increasingly aggressive upward movement.
Chart patterns start at the long-term bottom and are performed through a base of 1 to 4, each marked by a decrease in volatility within the consolidation period and downward tilting wedge. The red arc drawn on the chart represents the Dogecoin’s projected parabolic trajectorycurrently the meme coins rise toward the base 4.
Historically, the price was the highest at this stage as investors began to react strongly to bullish sentiment. The chart predicts that Doge, currently trading above the Basic 3, can recover higher levels, and Probably more than $1 For the first time since its establishment. It is worth noting that the forecast highlights a potential surge of $1.7 before the end of the year.
Trader Tardigrade also points to a key liquidity zone in the chart, below $0.187. Grasping the ephemeral tendency of liquidity here can serve as a springboard, further validating the bullish paper that may move to $1. This is not expected to be a short-term surge, but a part of a broader, well-structured formation that could lead to Main price peaks. If past patterns work as expected, Historical breakthrough Available on the horizon.
Dogecoin’s price action update
Like most meme coins on the market, the price of dogs is already Try to overcome bearish conditions And surpassed the $0.2 threshold. Currently trading at a low price of $0.17 at $0.17 has exceeded 14.14% of the value in the past week, according to CoinMarketCap.
Doge has dropped by another 7% over the past 24 hours, reflecting general weaknesses and increased volatility. data From CoinCodex also shows Domycin fluctuations The current height is 8.69%. Encrypted data analysis platform also shows that overall it is more extensive Market sentiment shifted bearishDogecoin’s fear and greed index has signal uncertainty throughout the broader market.
Featured Images from Getty Images, TradingView.com Charts
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