2025-2-12 02:30 |
The Dogecoin price is ready to hit new all-time highs, as a crypto analyst has projected a surge above $1 by March. The analyst’s technical analysis of Dogecoin using Fibonacci time zones suggests that the next few months could be a pivotal period for investors and DOGE holders, with March shaping up as an ideal time to capitalize on potential gains.
Dogecoin Price To Rally Above $1 In MarchChandler, a crypto analyst on X (formerly Twitter), has shared a technical analysis of Dogecoin using Fibonacci time zones and retracement levels to predict its next movements. These time zones, indicated by the vertical lines on the chart, mark significant intervals based on Fibonacci ratios. They are often used to determine potential areas where price reversals or significant swings may occur.
The analyst pointed to the 0.236 Fibonacci time zone, noting that Dogecoin has historically shown strong bullish moves after crossing this line, typically reaching a peak within one to two weeks. Based on this recurring pattern, Chandler predicts Dogecoin will break past this time zone around March 24, 2025. He suggests that the price could reclaim its previous $0.73 ATH and break above the $1 mark for the first time.
Chandler’s chart shows key Fibonacci retracement levels that indicate support and resistance zones for DOGE. The 0.236, 0.382, and 0.618 are key levels where the Dogecoin price trends to retrace before embarking on a bullish continuation. The 1.00 Fibonacci indicates an all-time high level where strong resistance is typically found. Additionally, the 0.236 and 0.382 Fib levels are targets for the third higher high during bullish phases.
In the price chart, the 1st, 2nd, and 3rd higher highs mark bull market phases where DOGE consistently made new highs. While Chandler projects that Dogecoin could hit its highest market price above $1, he also anticipates that reaching this milestone would trigger a major bearish shift in the market, resulting in significant sell-offs.
Why March Could Be The Best Time To SellDespite predicting a rally above $1 for the Dogecoin price, Chandler also warns of an impending bear market later in the year. The analyst believes that by October 10, 2025, Dogecoin could crash to new lows from its projected ATH. He forecasts that the meme coin will initiate this price decline once it reaches the 0.382 Fibonacci time zone. This threshold has historically marked the beginning of significant downtrends and volatility for Dogecoin.
Chandler’s analysis indicates that the window between March and April could be the best time for investors to sell their DOGE holdings. This timeframe aligns with the analyst’s $1 price projection for DOGE, suggesting a strategy of selling at price peaks to minimize potential losses during the anticipated bear market phase that may follow.
origin »Dogecoin (DOGE) на Currencies.ru
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