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Dogecoin is trading in a tight range between $0.09 and $0.10, a move that some investors may view as a lack of momentum. However, crypto analyst Javon Marks argues the meme coin could still be following the same breakout behavior seen in prior bull cycles.
Marks’ technical analysis uses a Fibonacci-based framework applied across Dogecoin’s price history. He says the pattern in previous bull cycles is that major rallies extended beyond the 1.618 Fibonacci level before the coin went on to set new all-time highs.
In the 2017 cycle, Dogecoin’s rally topped out slightly above the 1.618 extension. In 2021, the move extended further, breaking as high as the 2.272 Fibonacci extension from the 2019 low and reaching Dogecoin’s current all-time high of $0.7316.
According to the analysis, Dogecoin’s bull cycle would not be considered over until it breaks above the 1.618 Fibonacci extension. If that level is reached, the projection cited in the article is a rally of more than 2,600% from current levels, targeting at least $2.80.
The article points to planned developments that could coincide with a renewed move higher, including:

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