The Dogecoin worth is able to hit new all-time highs, as a crypto analyst has projected a surge above $1 by March. The analyst’s technical evaluation of Dogecoin utilizing Fibonacci time zones means that the subsequent few months might be a pivotal interval for buyers and DOGE holders, with March shaping up as a really perfect time to capitalize on potential positive factors.
Dogecoin Price To Rally Above $1 In March
Chandler, a crypto analyst on X (previously Twitter), has shared a technical evaluation of Dogecoin utilizing Fibonacci time zones and retracement ranges to foretell its subsequent actions. These time zones, indicated by the vertical strains on the chart, mark vital intervals based mostly on Fibonacci ratios. They are sometimes used to find out potential areas the place worth reversals or vital swings might happen.
The analyst pointed to the 0.236 Fibonacci time zone, noting that Dogecoin has traditionally proven strong bullish moves after crossing this line, sometimes reaching a peak inside one to 2 weeks. Based on this recurring sample, Chandler predicts Dogecoin will break previous this time zone round March 24, 2025. He means that the value might reclaim its previous $0.73 ATH and break above the $1 mark for the primary time.
Chandler’s chart reveals key Fibonacci retracement levels that point out assist and resistance zones for DOGE. The 0.236, 0.382, and 0.618 are key ranges the place the Dogecoin worth traits to retrace earlier than embarking on a bullish continuation. The 1.00 Fibonacci signifies an all-time excessive stage the place sturdy resistance is often discovered. Additionally, the 0.236 and 0.382 Fib ranges are targets for the third larger excessive throughout bullish phases.
In the value chart, the first, 2nd, and third larger highs mark bull market phases the place DOGE constantly made new highs. While Chandler initiatives that Dogecoin might hit its highest market price above $1, he additionally anticipates that reaching this milestone would set off a significant bearish shift out there, leading to significant sell-offs.
Why March Could Be The Best Time To Sell
Despite predicting a rally above $1 for the Dogecoin price, Chandler additionally warns of an impending bear market later within the 12 months. 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 provoke this worth decline as soon as it reaches the 0.382 Fibonacci time zone. This threshold has traditionally marked the start of great downtrends and volatility for Dogecoin.
Chandler’s evaluation signifies that the window between March and April might be one of the best time for buyers to sell their DOGE holdings. This timeframe aligns with the analyst’s $1 worth projection for DOGE, suggesting a technique of promoting at worth peaks to reduce potential losses through the anticipated bear market part that will comply with.
Featured picture from Adobe Stock, chart from Tradingview.com
