Dogecoin Price Prediction: Fractal Forecasts DOGE Rally of $2

Zooming into the history of DOGE price, the next critical level is $1.15 and it aligns with several key resistance zones along the long-term Fibonacci extension.

If bulls confirm a sustained breakout above these levels, the price of the memecoin could skyrocket to a new all-time high of $1.60.

Technically, the price of the meme coin tends to rally in November when judged against all previous Dogecoin bull cycles.

If the pattern holds true, this month could once again mark the start of another memorable Dogecoin price rally and possibly the opening chapter of the next altseason.

3rd Bullish Wave Coming Soon for DOGE Price

EtherNasyonal shows a clear long-term structure in the Dogecoin price action, marked by three distinct bull waves since 2014.

Each wave has followed a similar pattern characterized by a strong breakout, a consolidation phase, and then a new leg higher within a rising channel.

Dogecoin (DOGE) price now appears to be entering its third bull wave, with the price consolidating just above a crucial trendline.

Support currently lies along the 25-month moving average just like in the previous two bull cycles. As such, the DOGE price action could be preparing for an extended move towards a new record high.

If the structure holds, the $0.1830 level could serve as a springboard that launches Dogecoin to a new multi-month high.