Long

Fibonacci’s Favorite Pup: Can DOGE Hit $1.98?

DOGEUSD is exhibiting strong bullish behavior, mirroring patterns from its previous cycle. In the last bull run, DOGEUSD successfully reached the Fibonacci extensions of 1.618 and 2.618, corresponding to significant price targets. Notably, prior to hitting these levels, the TSI (True Strength Index) displayed a bullish crossover above the 0 level, a phenomenon now repeating in the current cycle. Based on this, the new Fibonacci targets are 1.24 (1.618 extension) and 1.98 (2.618 extension).

Additionally, the EMA Ribbon remains bullish, with the price comfortably trading above it, reinforcing the strength of the ongoing uptrend. Two potential scenarios could unfold:

The price may continue upward directly toward these Fibonacci targets.
It could retrace to the key support level of 0.17, a critical structural zone, before resuming its climb.

DOGEUSD’s alignment with historical patterns, supported by the bullish TSI crossover, Fibonacci projections, and EMA Ribbon dynamics, suggests significant upside potential. Whether the price pushes straight to the targets or consolidates first, the outlook remains highly optimistic.

👨🏻‍💻💭 Do you think DOGE will revisit its all-time highs? Let’s hear your thoughts! 🚀🐶
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