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 following few months might be a pivotal interval for traders and DOGE holders, with March shaping up as an excellent time to capitalize on potential positive aspects.
Dogecoin Worth 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 traces on the chart, mark important intervals based mostly on Fibonacci ratios. They’re usually used to find out potential areas the place worth reversals or important 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, usually reaching a peak inside one to 2 weeks. Based mostly on this recurring sample, Chandler predicts Dogecoin will break previous this time zone round March 24, 2025. He means that the worth may 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 help and resistance zones for DOGE. The 0.236, 0.382, and 0.618 are key ranges the place the Dogecoin worth developments to retrace earlier than embarking on a bullish continuation. The 1.00 Fibonacci signifies an all-time excessive degree the place sturdy resistance is usually discovered. Moreover, the 0.236 and 0.382 Fib ranges are targets for the third increased excessive throughout bullish phases.
Within the worth chart, the first, 2nd, and third increased highs mark bull market phases the place DOGE constantly made new highs. Whereas Chandler tasks that Dogecoin may hit its highest market price above $1, he additionally anticipates that reaching this milestone would set off a significant bearish shift available in the market, leading to significant sell-offs.
Why March May Be The Finest Time To Promote
Regardless of predicting a rally above $1 for the Dogecoin price, Chandler additionally warns of an impending bear market later within the yr. 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 serious downtrends and volatility for Dogecoin.
Chandler’s evaluation signifies that the window between March and April might be the perfect time for traders 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 attenuate potential losses in the course of the anticipated bear market section which will observe.
Featured picture from Adobe Inventory, chart from Tradingview.com