DOGE ( DOGE ) has currently fallen below the important 0.618 Fibonacci support level of $0.178, and is approaching the 0.786 Fibonacci level of $0.158. If this support level cannot be maintained, the price may further dip to $0.13 — this is a key support level since 2024, which has often served as a starting point for price reversals and previously led to an increase of over 200%.
From a technical perspective, if the support level at $0.13 can effectively hold, DOGE may see a rebound of over 250%, with the potential to break through $0.48 and reach a new high in four years. Some analysis institutions in the market have even provided more optimistic forecasts, believing the price target could reach $1 or even $2.9.
However, investors also need to be aware of potential risks: if the price falls below the 0.13 USD support level, it may trigger a new round of downward trend. In addition, changes in regulatory policies, relevant statements from Musk, and the ongoing geopolitical tensions in the Middle East could all lead to unpredictable fluctuations in DOGE prices.
Based on the current market situation, trading strategies can be divided into two levels: short-term operations can attempt to go long with light positions in the range of $0.158-$0.178, with a stop-loss set at $0.15 and a target price range of $0.21-$0.26; for mid to long-term positioning, it can be considered to strategically build positions at the key support level of $0.13, with a target hold above $0.48, while setting a trailing stop to control risk.
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DOGE ( DOGE ) has currently fallen below the important 0.618 Fibonacci support level of $0.178, and is approaching the 0.786 Fibonacci level of $0.158. If this support level cannot be maintained, the price may further dip to $0.13 — this is a key support level since 2024, which has often served as a starting point for price reversals and previously led to an increase of over 200%.
From a technical perspective, if the support level at $0.13 can effectively hold, DOGE may see a rebound of over 250%, with the potential to break through $0.48 and reach a new high in four years. Some analysis institutions in the market have even provided more optimistic forecasts, believing the price target could reach $1 or even $2.9.
However, investors also need to be aware of potential risks: if the price falls below the 0.13 USD support level, it may trigger a new round of downward trend. In addition, changes in regulatory policies, relevant statements from Musk, and the ongoing geopolitical tensions in the Middle East could all lead to unpredictable fluctuations in DOGE prices.
Based on the current market situation, trading strategies can be divided into two levels: short-term operations can attempt to go long with light positions in the range of $0.158-$0.178, with a stop-loss set at $0.15 and a target price range of $0.21-$0.26; for mid to long-term positioning, it can be considered to strategically build positions at the key support level of $0.13, with a target hold above $0.48, while setting a trailing stop to control risk.