DOGE might finished drop—short-term targets: $2.22 - $4.44BINANCE:DOGEUSDT ’s price action over the past two years has formed a large rounded bottom and a complex inverse head and shoulders.
Looking at the two major recent drops as the right shoulders and comparing them to two similar drops in 2021 as the left shoulders, the decline percentages are almost identical:
🔵 Recent right shoulder drop: -53.52%
🔵 Left shoulder drop in 2021: -54.25%
🟣 Previous right shoulder drop: -45.87%
🟣 Previous left shoulder drop in 2021: -42.94%
This suggests that the decline is likely complete.
So, assuming this bull market continues, where could CRYPTOCAP:DOGE go next?
Using this pattern, I estimated two potential target prices:
🔴 Conservative target: $2.22 (~7x from current price)
🔵 More aggressive target: $4.44 (~15x from current price)
Historically, DOGE’s pumps have been fast and explosive, often reaching targets within weeks.
Some people think the crypto market has already turned bearish. If you’re bearish, a safer short entry might be after DOGE breaks below 2/3 of its recent support.
There are no guarantees in trading, so always set a stop loss for risk management.
Stay safe! 🚀
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