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
A crypto analyst has predicted that Dogecoin will rally above $1 by March, setting the stage for a potential surge in the meme coin's value.
The analyst's technical analysis of Dogecoin, using Fibonacci time zones, suggests that the next few months could be pivotal for investors and DOGE holders. March could be an ideal time to capitalize on potential gains, according to the analyst's insights.
Chandler, a crypto analyst on X (formerly Twitter), shared a technical analysis of Dogecoin using Fibonacci time zones and retracement levels to predict its next moves. 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 highlighted the 0.236 Fibonacci time zone, noting that Dogecoin has historically shown strong bullish moves after crossing this line, usually reaching a peak within one to two weeks. Following this recurring pattern, Chandler predicts that Dogecoin will break past this time zone around March 24, 2025. At this point, the analyst anticipates that DOGE will begin a rapid ascent, potentially reaching a new all-time high and breaking above the $1 mark for the first time.
Chandler's chart also depicts key Fibonacci retracement levels that indicate support and resistance zones for DOGE. The 0.236, 0.382, and 0.618 are crucial levels where the Dogecoin price tends to retrace before continuing its bullish momentum. The 1.00 Fibonacci level signifies an all-time high, where the price encounters strong resistance. Moreover, the 0.236 and 0.382 Fib levels serve as 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 will trigger a major bearish shift in the market, leading to significant sell-offs.
Despite predicting a rally above $1 for the Dogecoin price, Chandler also anticipates a bear market later in the year. According to the analyst's projections, Dogecoin could crash to new lows from its anticipated all-time high by October 10, 2025. The analyst foresees the meme coin beginning this price decline once it reaches the 0.382 Fibonacci time zone. This threshold has historically marked the start of significant downtrends and volatility for Dogecoin.
Chandler's analysis suggests that the best time for investors to sell their DOGE holdings might be during March and April. This window aligns with the analyst's $1 price prediction for DOGE, presenting a potential strategy for investors to sell at price peaks and minimize losses during the anticipated bear market phase.
