Dogecoin Confirms Support Above $0.21 with Mid-Term Target of $1.85

Technical analysis indicates that Dogecoin is confirming support on the weekly chart after sustaining prices above $0.21. Recent price action suggests a shift towards bullish sentiment.

Strong Support and EMAs

Dogecoin has remained above the EMA8, EMA13, and EMA21 for four consecutive weeks.
This alignment historically precedes significant upward movements in price.
Recent market dynamics suggest strong support at $0.21, signaling potential for further gains.
Increased trading volume may strengthen this bullish trend.

Next Price Targets

First target: $0.31 (0.382 Fibonacci level).
Second target: $0.48 (0.618 Fibonacci level).
Next major resistance: $1.16 (exceeding 2021 all-time high of $0.7316).
Final midterm target: $1.85 (2.618 Fibonacci extension level).

Current trading price of Dogecoin is $0.2324.